Question 1

Is Springfield a nice place to live?

Accepted Answer

Springfield is a predominantly residential pocket of the Central Coast within the Gosford area, with quiet streets lined with established trees and a mix of standalone family homes and some newer infill near main roads. It has a relaxed, semi-rural feel with pockets of native bush and local reserves suited to outdoor activity, while Gosford's shops, services and rail connections are within easy reach. Day-to-day life here tends to revolve around neighbourhood shopping, schools and parks, so it will suit people after leafy, low-rise suburbia close to regional amenities.

The suburb is home to 4,310 people, with a median age of 37, and families are prominent: couple families with and without children together account for just under eight in ten families. Most homes are owner-occupied (about 71.7%) while roughly 28.2% are rented. Local works include the Chertsey boardwalk, upgrades to Bushlands Reserve playspace, wetland interpretive works at Springfield Pond Wetland including a “turtle island” with recorded hatchlings, a drainage and irrigation upgrade at Terry Oval, and planned road renewal and traffic management under a development contributions plan. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Springfield?

Accepted Answer

In Springfield (NSW 2250), house rents of $715 a week would take about 35.6% of a typical local household's weekly income as recorded at the last Census, which is a sizeable share of income. Buying looks considerably more stretched against that same benchmark: the median house price of $1,115,000 works out to about 10.7 times a typical local annual household income at the last Census.

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 Springfield a good place to invest?

Accepted Answer

Over the past year in Springfield the median house value edged up 0.4% while house rents rose 2.1%. That means rental income growth outpaced capital growth for houses during the 12-month period. If rental income is your priority, the 2.1% rent increase is the figure that matters; if you are prioritising capital growth, the 0.4% change in value is the relevant measure. Whether that balance suits your goals depends on your individual objectives and circumstances.

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	$1.11M	N/A
Change in value Past 12 months	0.4%	N/A
Sold Past 3 months	18	1
Median days on market Past 12 months	20	N/A
Average rent Past 12 months	$715	N/A
Change in rent Past 12 months	2.1%	N/A

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