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Springwood Suburb Insights
VICLocation Information
Suburb Name
Springwood, VIC
Distance from CBD
6 kmDemographics
Population
8,475
Median Income
$37,544
Area Information
Area
19.4 km²
Population Density
437 people/km²
Property Market
Median Price
$1,190,530
Annual Growth
+14%Property Price Trend Analysis
Current Median Price
$1,190,530
Annual Growth
+14%
Quarterly Growth
+3%
Price Trends - Last 6 Months
2024-01
$383,878
+10.2%2024-02
$466,397
+6.8%2024-03
$612,268
+13.8%2024-04
$719,699
+10.7%2024-05
$983,142
+12.9%2024-06
$420,368
+9.2%Property Type Price Analysis
House
Median Price
$1,281,480
Growth Rate
+12.3%Available Listings
468 properties
Apartment
Median Price
$478,327
Growth Rate
+6.2%Available Listings
470 properties
Townhouse
Median Price
$653,819
Growth Rate
+10.6%Available Listings
298 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy