Question 1

Is Spring Mountain a nice place to live?

Accepted Answer

Spring Mountain sits on the fringe of Greater Springfield, built around rolling hills and pockets of remnant bushland that give many streets a leafy, outlook-rich character. Housing is mainly modern detached homes on suburban blocks, appealing to young families and people wanting more space. The suburb has 6,085 residents, a median age of 29, and owner-occupiers form the majority of households at 60%.

Day-to-day life centres on local parks, playgrounds and walking trails, while shops, additional schools and the Springfield train line are accessed at nearby Springfield Central. The area is in the path of planned transport upgrades and new bus routes to respond to growth. Spring Mountain State School is the local government primary and is currently taking enrolments, which keeps schooling close to home for many families.

Question 2

Is it expensive to live in Spring Mountain?

Accepted Answer

A median house price of $1,100,000 in Spring Mountain works out to about 8.8 times a typical local household's annual income at the last Census, which sits well above local incomes. Renting a house at $700 a week would take roughly 29.2% of a typical local household's weekly income at the last Census, just under the commonly used 30% marker. If you're renting rather than buying, that rent share is the figure that matters; whether this feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Spring Mountain a good place to invest?

Accepted Answer

The standout movement in Spring Mountain over the past year is house values, which climbed 14.9%, a strong rise. House rents also increased, up 7.7% over the year, a solid gain, so rental income from houses has grown too.

For someone weighing Spring Mountain as an investment, the figures show capital growth in the house market outpaced rental growth over the year, so house prices were the stronger performer. If rental income is your priority, the 7.7% rise in house rents is the relevant figure; if capital growth matters more, the 14.9% rise in house values is the dominant movement. How that fits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.10M	N/A
Change in value Past 12 months	14.9%	N/A
Sold Past 3 months	30	N/A
Median days on market Past 12 months	16	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	7.7%	N/A

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