Located in Queensland within the Logan local government area, Springwood is a mid-sized suburb (postcode 4127). With a population of 9,710, the suburb has an established family demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Springwood is $895,000, having climbed sharply by 16.2% over the past year. Units have a median price of $451,000 (+20.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,733.
Springwood is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 43 bus stops. The crime rate in the Logan LGA is moderate at 7,987 incidents per 100,000 population.
From an investment perspective, Springwood shows a gross rental yield of approximately 3.8%, rated as moderate yield. Property prices are near the state median ($895K/$1.1M). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +16.2% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.