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Springbrook, QLD 4213

Home » QLD Real Estate Data » Gold Coast City, QLD » Springbrook, QLD 4213

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 Springbrook, QLD 4213 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Springbrook, QLD 4213”

  1. The total adult population (15 years or older) of Springbrook 4213 QLD is 616, with a median age of 49. Of those, 41.23% are married, 20.78% are divorced or separated, 35.39% are single and 2.60% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,720. The median monthly mortgage repayment for households in this suburb is $1,500 which is 26.22% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Queensland lies the residentially scenic suburb of Springbrook, postcode 4213, with an estimated compilation of 614 households. As we delve into Q3 of 2023, the typical pricing landscape for houses within Springbrook situates at a comfortable $789,525. Paired with a median weekly rent holding steady at $620, this generates an indicative yield of 4.09% that surpasses the minimum attractive market requirement of 3% preferred by cashflow-centric investors.

    The socio-economic veneer of Springbrook is portrayed through its IRSAD score, sitting at a strong 955 out of 1217. This resonance of stability is further mirrored in its renter to owner ratio, presenting a more owner-dominated market with a low 13%. Adding to this home-owning appeal is the units to houses ratio, which sits at a scarce 1%, thereby limiting the market saturation of rentals and contributing to a potentially long-term tenancy environment.

    However, the affordability index for houses signals a considerable 55 years, hinting at decreased affordability in the area due to variables such as interest rates, median family income, and typical property prices. Despite this, the stock on market Percentage for houses is favourable at 0.33%, showcasing low supply, and the inventory level for houses at 1.6 months further enhances this by indicating a relatively low, absorbent market for new listings.

    Within the development sector, the building approvals ratio for houses is at a low 0.16% which suggests limited supply, further sustaining the desirability of current properties. The days on market for houses, however, shows a somewhat prolonged period of 162 days, indicating somewhat limited demand. Moreover, the combined houses and units vacancy rate stands at 3.8%, suggesting neutral demand in the letting market. The buy search index for houses reflects this too, with a neutral value of 3.

    In summary, Springbrook presents a blend of both desired and challenging conditions for investors. The property market characteristics of this suburb highlight the importance of comprehensive review and evaluation of data to make well-informed real estate investment decisions.

    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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