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Springfield Lakes, QLD 4300
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$950,000
market range $875K-$1.1M
Median Unit
$760,000
market range $675K-$800K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+17.3%
market range +10.0% to +22.5%
Investment snapshot for Springfield Lakes
Springfield Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Springfield Lakes market and investor summary
In Springfield Lakes, QLD 4300, the median house sells for around $950K, on a gross rental yield of 3.8% for houses. House prices have moved +17.3% over the past year and +43.9% over three years. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet.
Living in Springfield Lakes: people, income and schools
Springfield Lakes has a resident population of roughly 17,211, and the area has been growing steadily, up about 22% over five years. At a median age of 31, it reads as younger than the national median, and families account for 83% of households.
The typical household income runs to around $114,000 a year (about $2,180 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 about 8.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 12 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Springfield Lakes sits about 26 km from the CBD. It is fairly car-dependent; the suburb scores 14 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 17,211
- +22% over 5yr
- Median age
- 31 years
- Median household income
- $114,000/yr
- Households renting
- 43%
- Family households
- 83%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1023
- Unemployment
- 2.6%
- Distance to CBD
- 26 km
- Walk score
- 14/100
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 Lakes
View all →Frequently asked questions about Springfield Lakes
What should I check before investing in Springfield Lakes?
Springfield Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +17.3% in the past year shows strong recent price momentum. 3-year capital growth of +43.9% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Springfield Lakes?
The median property price in Springfield Lakes, QLD 4300 is $950K for houses and $760K for units.
What rental yield does Springfield Lakes show?
The gross rental yield in Springfield Lakes is 3.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Springfield Lakes?
House prices in Springfield Lakes are up 17.3% over the past year and up 43.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Springfield Lakes?
The current vacancy rate in Springfield Lakes is 2.3%. 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 Springfield Lakes?
Springfield Lakes has a population of approximately 17,211 residents, with a median age of 31.
What schools are near Springfield Lakes?
There are 12 schools within roughly 5km of Springfield Lakes. 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 Lakes affordable to buy in?
A median house in Springfield Lakes costs about 8.4 times the median local household income (broadly in line with metropolitan Australia). 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 Lakes's population growing?
The population of Springfield Lakes 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 Lakes from the CBD?
Springfield Lakes is about 26 km from the CBD.
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