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Springfield, QLD 4300

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

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 “Springfield, QLD 4300”

  1. The total adult population (15 years or older) of Springfield 4300 QLD is 5,488, with a median age of 32. Of those, 46.67% are married, 11.79% are divorced or separated, 39.27% are single and 2.37% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $9,084. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.08% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban region of SPRINGFIELD, postcode 4300 in Queensland, provides a favourable reinvestment environment with a population of approximately 2973 households. As of the third quarter of 2023, the average selling price for houses in this area is set at an appealing $661,231. At the same time, the median weekly rent stands at a profitable $497, culminating in a compelling indicative yield of 3.91%.

    In terms of socio-economic attributes, SPRINGFIELD has an IRSAD score of 993 out of 1217, indicating a moderately advantageous socio-economic status. Further demographics reveal a renter to owner ratio of 33%, suggesting a balanced mix between home-owners and renters. Significantly, the ratio of units to houses is as low as 1%, thereby indicating a dominance of houses over unit-style dwellings.

    Coming to affordability, it is estimated that would take around 28 years to fully own a house here which signifies a high affordability in the suburb for a potential property buyer.

    In terms of the supply indicators, the stock on market Percentage for houses is 0.41%. This is in the desirable range, indicating that the house market is not oversaturated. An inventory level of 0.92 months signifies a brisk movement of houses on the market and suggests a low supply situation which can create competitive buyer interest. However, a building approvals Ratio of 3.94% reveals an upward trend of housing supply in SPRINGFIELD.

    Directions of demand in SPRINGFIELD are mapped at an average of 34 days on market for houses on sale, indicating a high buyer interest. The vacancy rate for dwellings (including both houses and units) sits at a comfortable 2.22%, suggesting an average demand. A buy search index score of 5 for houses mirrors that the interest among potential home buyers is at par with the state/city average.

    These metrics indicate that SPRINGFIELD holds solid potential for property investors, though as with any investment, maintaining vigilance over market shifts and dynamics is of utmost importance. Data insights such as these provide invaluable foresight into potential opportunities for impressive capital gains and encouraging cash flow.

    It’s also worthwhile noting that not all elements have to be in the ‘optimistic’ range for a suburb to represent a wise investment. Each of these metrics plays a different role in contributing to the overall attractiveness of a property market. In this context, the Relative Composite Score (RCS), devised by HtAG Analytics, offers an all-inclusive analysis by incorporating over 80 metrics, providing investors with a broad and detailed market overview.

    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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