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Springmount, VIC 3364
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$965,000
list-price estimate
Median Unit
$555,000
list-price estimate
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Springmount
Springmount has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Springmount market and investor summary
In Springmount, VIC 3364, houses show a gross rental yield of 2.9%. At 1.6% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Springmount: people, income and schools
Springmount is home to around 184 people, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and 95% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $114,000 a year, or roughly $2,190 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 33% over five years, which tends to underpin what local buyers can pay.
There are 4 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 184
- +2% over 5yr
- Median age
- 40 years
- Median household income
- $114,000/yr
- Households renting
- 0%
- Family households
- 83%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1014
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Springmount
View all →Frequently asked questions about Springmount
What should I check before investing in Springmount?
Springmount has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Houses sell quickly (21 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 rental yield does Springmount show?
The gross rental yield in Springmount is 2.9% 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 Springmount?
The current vacancy rate in Springmount is 1.6%. 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 Springmount?
Springmount has a population of approximately 184 residents, with a median age of 40.
What schools are near Springmount?
There are 4 schools within roughly 5km of Springmount. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Springmount's population growing?
The population of Springmount has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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