Spring Farm suburb profile
Spring Farm is a burgeoning suburb located in the Macarthur region of New South Wales, approximately 60km southwest of Sydney's CBD. Known for its family-friendly atmosphere, Spring Farm offers a mix of modern housing developments and ample green spaces, making it an attractive choice for young families and first-time homebuyers. The suburb features a range of amenities, including shopping centers, schools, and parks, contributing to a convenient lifestyle. With its close proximity to the historic town of Camden and easy access to major transport routes, Spring Farm provides a blend of suburban tranquility and urban accessibility.
Spring Farm property market performance
Spring Farm's property market has shown positive growth over the past 12 months, with house values increasing by 4.5% and unit values by 1.4%. The median house price has reached $1.03 million, while the median unit price stands at $338,500, indicating a stronger demand for houses in the area.
Sales activity has been robust, with 50 houses sold in the past 12 months, compared to just 1 unit, highlighting a preference for houses. Houses are selling quickly, with a median of 21 days on the market, whereas units are taking significantly longer at 73 days, suggesting a softer unit market.
The rental market in Spring Farm has also seen growth, with house rents increasing by 7.7% and unit rents by 3.3% over the last 12 months. The average rent for houses is $700, while units average $470, reflecting a healthy demand for rental properties.
Median price - houses$1.02MPast 3 months
Median price - units$339KPast 3 months
Change in value - houses5.0%12 months
Change in value - units1.4%12 months
Houses sold44Past 3 months
Units sold1Past 3 months
Median DOM - houses20.5Past 12 months
Median DOM - units73Past 12 months
Average rent - houses$700Past 12 months
Average rent - units$470Past 12 months
Change in rent - houses7.7%Past 12 months
Change in rent - units4.4%Past 12 months
Spring Farm demographics
Spring Farm, located in the Macarthur region of New South Wales, is a burgeoning suburb known for its family-friendly environment and modern amenities. With a median age of 30, the suburb is characterized by a youthful and vibrant community, predominantly made up of young families. The high percentage of couple families with children, at 55.3%, underscores its appeal to those seeking a nurturing environment to raise children, supported by local parks, schools, and community facilities.
The suburb's housing market is primarily driven by homeownership, with 62.9% of properties owned with a mortgage, reflecting the area's appeal to first-time homebuyers and growing families. The relatively high median household income of $2403 per week indicates a prosperous community with a strong economic base. While 26.3% of the properties are rented, the majority of residents are invested in the long-term growth and development of the area, contributing to a stable and cohesive community atmosphere.
Spring Farm's strategic location offers residents the convenience of suburban living with easy access to the broader Sydney metropolitan area. The suburb's development is supported by a range of local amenities, including shopping centers, recreational facilities, and transport links, making it an attractive option for those seeking a balanced lifestyle. As the suburb continues to grow, it remains a desirable destination for families looking for a blend of modern living and community spirit.
Spring Farm infrastructure, key developments and investment opportunities
Spring Farm is undergoing significant development, transforming from farmland into a thriving suburban area. The suburb has seen the construction of numerous new residential properties, attracting young families and professionals to the area. The recent opening of Spring Farm Public School in 2016 has enhanced local education options, making the suburb more appealing to families with school-age children.
The creation of Springs Lake, complete with a timber boardwalk and picnic facilities, has added a valuable recreational asset to the community. Additionally, the Spring Farm Dog Park, opened in July 2016, provides a dedicated space for pet owners. These amenities, coupled with the suburb's proximity to the Camden Bypass and bus services operated by Transit Systems, are likely to positively impact property values and demand in Spring Farm.
Spring Farm rental market trends
The rental market in Spring Farm has experienced moderate growth, with house rents increasing 7.7% over the past year to $700 per week, while unit rents have seen a 3.3% rise to $470 per week. As a developing suburb with expanding amenities, Spring Farm offers promising opportunities for both renters and investors seeking value in a growing community.
Suburbs near Spring Farm
Some popular suburbs near Spring Farm include: