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Spring Hill, VIC 3444
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,280,000
market range $850K-$1.3M
Median Unit
$700,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Spring Hill
Spring Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Spring Hill market and investor summary
In Spring Hill, VIC 3444, the median house sells for around $1.3M, on a gross rental yield of 2.9% for houses. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 81 days on market, so plan for a slower exit if you ever need one.
Living in Spring Hill: people, income and schools
Spring Hill has a resident population of roughly 200, a number that has held fairly steady over five years. At a median age of 53, it reads as an older, established demographic, and 97% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $108,000 a year (about $2,080 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 11.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
Spring Hill sits about 79 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 200
- +3% over 5yr
- Median age
- 53 years
- Median household income
- $108,000/yr
- Households renting
- 0%
- Family households
- 73%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.0%
- Distance to CBD
- 79 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Spring Hill
View all →Frequently asked questions about Spring Hill
What should I check before investing in Spring Hill?
Spring Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Spring Hill?
The median property price in Spring Hill, VIC 3444 is $1.3M for houses and $700K for units.
What rental yield does Spring Hill show?
The gross rental yield in Spring Hill is 2.9% for houses and 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Spring Hill?
The current vacancy rate in Spring Hill is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Spring Hill?
Spring Hill has a population of approximately 200 residents, with a median age of 53.
Is Spring Hill affordable to buy in?
A median house in Spring Hill costs about 11.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Spring Hill's population growing?
The population of Spring Hill has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Spring Hill from the CBD?
Spring Hill is about 79 km from the CBD.
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