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Springfield Lakes, QLD 4300

Home » QLD Real Estate Data » Ipswich City, QLD » Springfield Lakes, QLD 4300

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 Springfield Lakes, QLD 4300 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

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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 “Springfield Lakes, QLD 4300”

  1. The total adult population (15 years or older) of Springfield Lakes 4300 QLD is 12,552, with a median age of 31. Of those, 48.76% are married, 11.74% are divorced or separated, 37.59% are single and 1.94% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,180. The median monthly mortgage repayment for households in this suburb is $1,800 which is 19.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Queensland is the suburb of Springfield Lakes, estimated to be home to approximately 6425 households. As of the third quarter of 2023, property market conditions suggest a rather favourable investment climate, particularly when it comes to houses.

    The typical price for houses in Springfield Lakes currently sits at $714,421. Median weekly rent comes in around $470, translating to an indicative yield of 3.42%. While attractive to cash-flow centered property investors, the yield sits slightly above the minimum market requirement of 3%, thereby providing a modest return.

    On the socio-economic front, the IRSAD score for Springfield Lakes is 1023 out of a possible total of 1217. This is a strong indication of robust economic resources within the community, combined with high income levels and a significant white-collar workforce.

    An important aspect to consider in the Springfield Lakes market is the renter-to-owner ratio – at 43%, this is above the ideal range of 30%, preliminarily suggesting an oversaturation of rental properties. On the contrary, the suburb boasts an alluringly low units to houses ratio, standing at 1%, which positions the suburb favourably for long-term stability and reduced landlord competition.

    In terms of affordability, Springfield Lakes presents a balanced picture. The estimated years to own a property in this area hangs around 30 years – on par with a standard mortgage duration, indicating reasonable affordability for potential property buyers.

    Looking into supply metrics, with a stock on market Percentage of 0.39%, it suggests low supply coupled with favourable inventory levels at just 0.77 months. These elements coupled with a reasonable building approvals Ratio of 1.42% portray a mild scope for increased dwelling supply.

    As for demand, houses spend an average of 33 days on the market in Springfield Lakes, indicative of high demand within the locality. Meanwhile, a vacancy rate of 2.09% suggests a healthy balance between supply and demand. The buy search index for houses stands at a neutral 4, though ongoing trends in this metric would provide a more comprehensive picture.

    Whilst some factors lean slightly towards the less favourable side, the overall picture presents Springfield Lakes as a viable option for property investors. As with all property investment decisions, investors are encouraged to focus on a thorough understanding of the metrics and remain abreast of ongoing market trends, supported by HtAG Analytics’ RCS metric.

    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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