Savvy residential property investors are looking for opportunities in the Greater Springfield region to maximise their long-term return on investment (ROI). Both developing and established suburbs in the region provide opportunities for those looking to buy an investment property as well as owner-occupiers.
Where is the Greater Springfield region?
The Greater Springfield region is strategically located between Brisbane and Ipswich. It is part of the Queensland government’s Western Growth Corridor that has been identified for infrastructure and development to house South East Queensland’s booming population growth over the next two decades.
What suburbs are in Greater Springfield?
Six suburbs make up the Greater Springfield region:
- Springfield
- Springfield Lakes
- Springfield Central
- Spring Mountain
- Augustine Heights
- Brookwater
Vacancy rates for investment properties across the Greater Springfield region are low, with the vast majority being listed on the rental market for less than 30 days before being leased.
Median property prices in the Greater Springfield region compare very favourably to median prices in Brisbane. The majority of sales in the first half of 2024 fell in the $500,000 to $750,000 bracket, closely followed by the $750,000 to $1,000,000 bracket.
The median house price for a Brisbane property is currently $964,000.
Let’s look at the property investment opportunities in each of these Greater Springfield suburbs in turn.
Springfield
The suburb name might have been made famous by The Simpsons, but Springfield in South East Queensland is a suburb that has been progressively developed over the past three decades, almost coinciding with the run of the hit TV cartoon.
Our Springfield is now an established suburb. It is very affordable both for investors and owner-occupiers alike, and it features a diverse range of single and double-storey home options. The vast majority are houses.
About two-thirds of Springfield residents are currently owner-occupiers, and one-third are investors.
Springfield Lakes
Springfield Lakes has been progressively developed over the past two decades and like Springfield, it is now an established suburb. It is also very affordable both for investors and owner-occupiers alike, and it features a diverse range of single and double-storey home options with contemporary designs. Once again, the vast majority are houses.
About 57% of Springfield residents are currently owner-occupiers, and 43% investors.
Springfield Central
Springfield Central is the main shopping, medical and entertainment hub of the Greater Springfield region. It has grown along with the residential developments in Greater Springfield and also includes Robelle Domain —over 11 kilometres of boardwalks, walking tracks, playgrounds and sporting fields, as well as the scenic Orion Lagoon.
In terms of residential property investment, Springfield Central only contains a small number of apartment and retirement living complexes.
Spring Mountain
Spring Mountain is a developing suburb in the Greater Springfield region with many house and land packages being currently available. You can choose from a diverse range of single and double-storey home options with contemporary designs, including those that incorporate the growing trend towards dual and multigenerational living.
Median house prices in Spring Mountain have already surpassed those in neighbouring Springfield and Springfield Lakes, demonstrating its appeal to both owner-occupiers and investors alike.
Augustine Heights
Like Springfield and Springfield Lakes, Augustine Heights is an established suburb in the Greater Springfield region that has been developed over the past few decades. Many properties feature open-plan designs and outdoor living areas to cater for families.
Brookwater
Brookwater is a prestigious and established suburb in the Greater Springfield region that has also been developed over the past few decades. It features many upmarket, architecturally designed, expansive properties on larger blocks that have significantly higher price tags than property options in the other five Greater Springfield suburbs.
Median house prices in Brookwater are currently about $1.365 million, placing them significantly ahead of even Brisbane median prices.
How our Purple Cow team can help you
If you’re thinking about buying property in the Greater Springfield region either as an investor or owner-occupier, then contact us today for an obligation-free chat.
Or if you already own a Greater Springfield investment property, we would love to manage it for you. The latest figures from realestate.com.au show that we generate an ROI that’s 11% higher for our landlord clients than competing property managers in the region.