The Greater Springfield property market once again performed strongly in 2024 in terms of delivering above-average price increases and rental yields. But it still remains one of the most affordable South East Queensland property markets for savvy owner-occupiers, investors and renters as we head into 2025.
Read on to find out everything you need to know.
Greater Springfield property trends and market conditions
Two standout performers in the Greater Springfield property market in 2024 were Springfield Lakes and Springfield itself, with both achieving double-digit price growth. They are predominantly 3, 4 and 5-bedroom housing markets.
Importantly however, prices for comparable homes in these suburbs are still an average of $140,000 to $170,000 cheaper than those in the Brisbane property market. And these Greater Springfield suburbs are only just over 30 kilometres from the Brisbane CBD.
These affordable prices make these suburbs ideal for both owner-occupiers and investors, with the average rental yields also being above what you can achieve in the neighbouring Brisbane market.
The market dynamics are changing in many of the suburbs across Greater Springfield with more owner-occupiers taking advantage of the region’s affordability. The diverse range of affordable 3 and 4-bedroom housing options available make Greater Springfield suburbs ideal for:
- First home buyers who are looking to enter the market (with prices in the region generally falling within the eligibility threshold for stamp duty concessions that can result in savings of up to $24,525).
- Second home buyers looking to upgrade.
- Downsizers.
- Investors looking for a great rental yield.
Other standout performers in terms of double digit capital growth in neighbouring suburbs to the Greater Springfield region in 2024 include:
- Redbank Plains
- White Rock
- South Ripley
- Bellbird Park
- Ripley
Once again, all these suburbs are still very affordable for buyers, with average prices for comparable homes in these suburbs more than $200,000 cheaper than those in the neighbouring Brisbane market.
Our Purple Cow sales team has certainly contributed significantly to the double-digit capital growth of properties in the Greater Springfield region and surrounding suburbs in 2024. The latest realstate.com stats show that we achieved selling prices that were an average of $73,000 higher for our clients than competing agencies.
We have also contributed to the above average rental yields achieved by properties in Greater Springfield and surrounding suburbs in 2024. The latest realstate.com stats show that our Purple Cow property management team achieved rental yields that were an average of 11% higher than competing agencies.
Key factors influencing the Greater Springfield property market in 2025
Key factors that will influence the Greater Springfield property market in 2025 include:
- South East Queensland’s continued strong population growth, with the Greater Springfield region being at the heart of the Western Growth Corridor halfway between Brisbane and Ipswich. This area has been earmarked for significant infrastructure developments to accommodate South East Queensland’s sprawling population.
- The ongoing housing supply crisis is showing no signs of easing.
- Interest rates (most financial experts are tipping a cut at some stage in 2025).
All these factors are likely to see continuing strong demand for properties in the Greater Springfield property market.
Greater Springfield owner-occupier and investment opportunities
Check out our current range of Greater Springfield homes for sale. Whether you’re looking to buy as an owner-occupier or investor, there are great opportunities available. But be quick, properties in this popular area don’t stay on the market for long.
How our Purple Cow team can help
Like to find out more about the Greater Springfield property market, including how we can help you to sell your home? Our dedicated team can also help you if you’re looking for stress-free and professional management of your investment property to maximise your returns.
Contact us today for an obligation-free chat and experience the award-winning Purple Cow difference for yourself.
