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Springfield Central, QLD 4300

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$1,170,000

Median Unit

$680,000

list-price estimate

Gross Yield (houses)

3.5%

1yr Growth (units)

+14.6%

market range +7.5% to +25.0%

Investment snapshot for Springfield Central

Springfield Central has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Springfield Central verdict

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Springfield Central market and investor summary

Springfield Central (QLD 4300) runs a median house price of $1.2M, with houses yielding a gross 3.5%. At 1.2% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking.

Living in Springfield Central: people, income and schools

Springfield Central has a resident population of roughly 234, and the area has been growing steadily, up about 22% over five years. The median age is 30, younger than the national median, with renters making up 63% of households. That renter share gives landlords a deep tenant pool to draw on through the year.

Households here earn a median of about $57,000 a year, or roughly $1,090 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 20.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.

There are 14 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 27 km from the CBD. It is fairly car-dependent; the suburb scores 40 for walkability and 17 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
234
+22% over 5yr
Median age
30 years
Median household income
$57,000/yr
Households renting
63%
Family households
28%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
14
avg ICSEA 1043
Unemployment
2.6%
Distance to CBD
27 km
Walk score
40/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Springfield Central

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Frequently asked questions about Springfield Central

What should I check before investing in Springfield Central?

Springfield Central has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.2% vacancy) gives landlords pricing power and low rental downtime. Houses sell quickly (13 days on market), which points to strong sales liquidity. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Springfield Central?

The median property price in Springfield Central, QLD 4300 is $1.2M for houses.

What rental yield does Springfield Central show?

The gross rental yield in Springfield Central is 3.5% for houses. 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 Springfield Central?

The current vacancy rate in Springfield Central is 1.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Springfield Central?

Springfield Central has a population of approximately 234 residents, with a median age of 30.

What schools are near Springfield Central?

There are 14 schools within roughly 5km of Springfield Central. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Springfield Central affordable to buy in?

A median house in Springfield Central costs about 20.7 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 Springfield Central's population growing?

The population of Springfield Central has grown about 22% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Springfield Central from the CBD?

Springfield Central is about 27 km from the CBD.

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