With heaps of new infrastructure projects and ongoing developments, including attractive housing for small to large families, Springfield Lakes has exhibited steady, sustained median growth of 20 per cent year-on-year as of the end of 2021.
- The Springfield Lakes property market showed a 21.61 per cent median house price increase for the period January 2021 to December 2021, with the median ending the year at $529,000.
- Springfield Lakes’ median unit price also increased by 17.26 per cent for the same period, at $440,900.
- Home values in Springfield Lakes are still very accessible to most families and inventory is available, so the market is tipped for more growth.
Springfield Lakes House Price Growth
From January 2021 to December 2021, Springfield Lakes gained commendable momentum with a 21.61 per cent growth compared to last year, according to figures from Property Market Updates. The median house price for this suburb has reached the half-million mark at $529,000, up from $435,000.
House listings showed brisk and encouraging activity at an average of 29 days on market with 616 homes sold during this period. Most buyers have been quick to close deals for four-bedroom homes but a six-bedroom property was snapped up with the highest price at $1,315,000.
Whilst the general housing market is expected to slow down, Springfield Lakes is projected to enjoy substantial growth in 2022, offering more opportunities for smart investors. House prices in this suburb are still accessible to many families as well, especially for those looking to reside away from the city. Surrounded by parks, schools and booming small businesses, Springfield Lakes provides the perfect lifestyle for those who relish in the outdoors.
Springfield Lakes Unit Price Growth
The unit price for apartments or semi-attached properties in Springfield Lakes has also exhibited an uptick of 17.26 per cent from January 2021 to December 2021, with the median unit price at $440,900 by year end.
Market listings, however, stayed an average of 58 days on market, with 127 properties sold for this period. Three-bedroom apartments had the most transactions.
Brisbane’s property market generally shows a wider gap between house and unit prices, making it harder for investors to upgrade. However, in Springfield Lakes opportunities to step up are still attainable with the small difference in prices between an apartment and a detached house.
About Springfield Lakes
Springfield Lakes is part of the Greater Springfield location, the second-largest city to be master planned in Australia. Situated 30 minutes away from Brisbane CBD, this suburb in the western corridor sits on a rapidly developing hilly landscape which was a former eucalyptus foundation.
Developed with families in mind, Springfield Lakes has a lot of young, maturing and established couples who are either setting their roots or enjoying the prime of their lives in a suburb that has every convenience within reach. Schools provide a good selection for primary, secondary or tertiary education, including early education and childcare. Doctor visits are also accessible with established health services and more facilities in the planning and construction phases.
There is always something to do in Springfield Lakes for residents who love walking, biking, kayaking or simply enjoying the tranquil natural surroundings with a picnic. At the parklands, markets, live entertainment, fitness, and crafting events for kids and parents take place regularly as well. The easy commute to the Orion Springfield Centre, the main hub of the community, allows residents to enjoy dining, shopping, and other activities with their families and friends.
“A year ago we moved over from New Zealand. Out of the hundreds of overwhelming Suburbs to choose from we narrowed it right down to Springfield lakes. One main factor was that we didn’t want to be anywhere near the City but wanted ample amenities that allowed us to do so. We were advised that Springfield Lakes was a part of a grand master plan for Ipswich.”Kristy
“Springfield Lakes is a total package of everything, such as great schools, USQ, TAFE, shopping malls, greenery train service and much more!”Hasanthi
“I have lived in Springfield from 2010 for a year. Bought a house in Springfield Lakes since 2011 and we live here till now. We love it. The parks are great, nice and big. We have been to many many suburbs and take my daughter with us to the parks, most suburbs parks are just not comparable with Springfield Lakes. So many schools to choose from, no trouble getting to a school, private schools (St. Peters) are cheaper than you pay near the city. Even so, none of them are better schools compared them with schools near Brisbane.”Gabriel