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Springfield, VIC 3531
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$205,000
Median Unit
$110,000
list-price estimate
Gross Yield (houses)
6.6%
1yr Growth
-
Investment snapshot for Springfield
Springfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Springfield market and investor summary
In Springfield, VIC 3531, the median house sells for around $205K, on a gross rental yield of 6.6% for houses.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.6% does more of the early heavy lifting than capital growth usually would at this price point.
Living in Springfield: people, income and schools
Springfield has a resident population of roughly 202, a count that has slipped about 4% over five years. At a median age of 46, it reads as skewed a little older, and families account for 65% of households.
The typical household income runs to around $57,000 a year (about $1,090 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to roughly 3.6 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
- Population
- 202
- -4% over 5yr
- Median age
- 46 years
- Median household income
- $57,000/yr
- Households renting
- 18%
- Family households
- 65%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.6%
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
No properties currently listed in Springfield
Search Springfield listings →Frequently asked questions about Springfield
What should I check before investing in Springfield?
Springfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 6.6%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Springfield?
The median property price in Springfield, VIC 3531 is $205K for houses.
What rental yield does Springfield show?
The gross rental yield in Springfield is 6.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Springfield?
Springfield has a population of approximately 202 residents, with a median age of 46.
Is Springfield affordable to buy in?
A median house in Springfield costs about 3.6 times the median local household income (more affordable than most capital-city markets). 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's population growing?
The population of Springfield has fallen about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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