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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:

Common questions about Spring Farm

  • Is Spring Farm a nice place to live?

    Spring Farm is a delightful suburb that offers a harmonious blend of modern living and community spirit, making it a fantastic place to call home. Nestled in the Macarthur region, this charming area is perfect for families seeking a nurturing environment with a youthful and vibrant community. The suburb is known for its peaceful atmosphere, with ample green spaces and parks that provide a serene backdrop for family life. Residents enjoy the convenience of local amenities, including shopping centers and schools, which contribute to a comfortable and fulfilling lifestyle.

    For families, Spring Farm is particularly appealing due to its strong sense of community and the availability of excellent educational facilities, such as the recently opened Spring Farm Public School. The suburb's recreational offerings, including Springs Lake with its picturesque boardwalk and picnic areas, as well as the dedicated dog park, ensure there are plenty of activities for everyone to enjoy. Safety is generally not a concern here, with the suburb's family-oriented vibe fostering a secure and welcoming environment.

    While Spring Farm offers a peaceful suburban lifestyle, it does come with some trade-offs. The area is still developing, which means that some amenities may not be as established as in more mature suburbs. However, its proximity to the historic town of Camden and major transport routes ensures that residents have easy access to the broader Sydney metropolitan area. This strategic location provides a balance of suburban tranquility and urban accessibility, making Spring Farm an attractive option for those seeking a modern, family-friendly community.

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  • Is it expensive to live in Spring Farm?

    Living in Spring Farm can be considered moderately expensive, especially when you compare it to other suburbs in the region. The median house price in Spring Farm is currently $1,025,000, which is quite substantial. If you're looking to rent, the average rent for houses is around $700 per week, while units are a bit more affordable at $470 per week. These figures suggest that housing costs in Spring Farm are significant, particularly for those aiming to purchase a property.

    When we look at the income side, the average household income in Spring Farm is approximately $124,000 per year. This is relatively high compared to the average wage in New South Wales, which means that residents generally have a decent earning capacity. However, the high property prices and rental costs mean that a significant portion of income would still go towards housing expenses.

    Overall, Spring Farm offers a blend of suburban charm and modern amenities, but living here does come with a notable financial commitment. If you're considering making Spring Farm your home, it's important to weigh these costs against your income to ensure a comfortable lifestyle.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Spring Farm a good place to invest?

    Spring Farm is showing promising signs as a potential investment hotspot. Over the past year, the suburb has experienced a 4.5% increase in median house values, indicating a steady upward trend in property appreciation. While the growth in unit values has been more modest at 1.4%, the overall property market in Spring Farm remains buoyant. This is further supported by a significant 7.7% rise in house rents, suggesting strong demand from renters, which is a positive indicator for investors seeking rental income.

    The suburb's appeal is bolstered by its family-friendly environment and ongoing development, which continues to attract new residents. With a growing community and infrastructure improvements, Spring Farm is becoming increasingly desirable for both homeowners and renters. Although unit rent growth has been slower at 3.3%, the consistent demand for housing in the area suggests a stable rental market.

    Overall, Spring Farm presents a balanced investment opportunity with potential for both capital growth and rental yield. Its steady property value increases and rising rental demand make it an attractive option for investors looking for a reliable and growing market. While it may not offer the rapid gains seen in some other suburbs, its consistent performance and community appeal make it a solid choice for long-term investment.

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