Springfield is a small community in South Australia within the Mitcham local government area (postcode 5062). With a population of 548, the suburb has a mature demographic with a median age of 48. Households earn a median income of $235K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Springfield is $1.8 million, having dropped significantly 29.4% over the past year. The median weekly rent is $510 (Census 2021). This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,234.
Springfield is served by 1 school, including 1 combined. The average ICSEA score is 1133, which is well above the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Mitcham LGA is below average at 2,555 incidents per 100,000 population.
From an investment perspective, Springfield offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.8M/$950K), placing it in the premium segment. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -29.4% year-on-year.
Springfield is a small community in South Australia within the Mitcham local government area (postcode 5062). With a population of 548, the suburb has a mature demographic with a median age of 48. Households earn a median income of $235K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Springfield is $1.8 million, having dropped significantly 29.4% over the past year. The median weekly rent is $510 (Census 2021). This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,234.
Springfield is served by 1 school, including 1 combined. The average ICSEA score is 1133, which is well above the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Mitcham LGA is below average at 2,555 incidents per 100,000 population.
From an investment perspective, Springfield offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.8M/$950K), placing it in the premium segment. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -29.4% year-on-year.