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Spring Hill, QLD 4000

Home » QLD Real Estate Data » Inner Brisbane, QLD » Spring Hill, QLD 4000

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Spring Hill, QLD 4000 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Spring Hill, QLD 4000”

  1. The total adult population (15 years or older) of Spring Hill 4000 QLD is 6,077, with a median age of 32. Of those, 26.05% are married, 10.07% are divorced or separated, 62.38% are single and 1.48% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $9,368. The median monthly mortgage repayment for households in this suburb is $1,700 which is 18.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing in the suburb of Spring Hill (postcode 4000) in QLD, housing among an estimated 5,555 households, presents a compelling study in property market dynamics. As of Q3 2023, the typical house price in Spring Hill is a weighty $1,575,938, whilst the median weekly rent sits at an appealing $720. This combination translates to an indicative yield of approximately 2.38%, offering an interesting proposition for cash-flow centric investors.

    Probing deeper into the suburb’s socio-economic profile, Spring Hill boasts an impressive IRSAD score of 1051 (out of a possible 1217), signifying a prosperous population with access to ample economic resources. However, property investors must be mindful of the renter to owner ratio, which is a steep 81%, indicating a market that is relatively saturated with rental properties. Added to this, the units to houses ratio stands at 82%, signalling potential competition among landlords to secure tenants and maintain higher rental yields.

    In terms of affordability, Spring Hill is on the high end. A benchmark index of 66 years to own a property outright suggests limited affordability, keeping in mind the threshold figure of 31 years for a standard 30-year mortgage scenario. On the other hand, stock on market percentage for houses is favourable at 0.29%, indicating a low-supply market. The inventory level for houses—a mere 1.14 months—reaffirms this.

    Furthermore, the building approval ratio for houses, at 0.29%, indicates a low level of new dwelling supply in the suburb. However, potential investors should take note of the slightly long 68 days on market for houses, hinting at a slightly less than ideal demand in the market. That being said, the low vacancy rate of 0.83%—combined for units and houses—could be an encouraging sign of healthy tenant demand.

    Lastly, the slightly neutral buy search index of 3, while not impressively high, shouldn’t deter a savvy investor from considering the compelling aspects of Spring Hill.

    While understanding these industry metrics are critical in making informed property investment decisions, one must also recognise that market conditions can be fluid. Even if a metric appears unfavorable, the trend could be much more revealing. Conversely, an apparently favorable metric may mask longer-term challenges. Therefore, it’s vital to consider the RCS (Relative Composite Score) from HtAG Analytics, which simplifies this research by utilising over 80 different metrics for a comprehensive analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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