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Springfield Lakes suburb profile

Springfield Lakes is a master-planned suburb located in the City of Ipswich, approximately 30km southwest of Brisbane's CBD. Known for its picturesque lakes, parks, and family-friendly environment, it offers a harmonious blend of nature and modern living. The suburb features a variety of housing options, from contemporary homes to townhouses, catering to diverse lifestyles. Springfield Lakes is well-equipped with amenities, including schools, shopping centres, and recreational facilities, making it an attractive choice for families and professionals. Its strong sense of community and convenient access to public transport and major highways enhance its appeal as a desirable residential destination.

Springfield Lakes property market performance

Current median dwelling price$791,125Past 3 months

Property growth+18.2%Past 12 months

Springfield Lakes has experienced a robust property market over the past 12 months, with house values increasing by 15.3%. The current median house price stands at approximately $1.01 million. Despite limited unit sales, unit values have surged by 21%, although the median unit price is not available due to low sales volume.

Sales activity has been strong for houses, with 92 sold in the past year, and they are moving quickly with a median of just 14 days on the market. In contrast, unit sales have been minimal, with only 3 units sold, reflecting limited availability or demand.

The rental market in Springfield Lakes has seen moderate growth, with house rents increasing by 4.8% to an average of $650 per week. Unit rents have remained stable over the last 12 months, averaging $610 per week, indicating steady demand in the rental sector.

HousesUnits
Median price
Past 3 months
$1MN/A
Change in value
Past 12 months
15.3%21.0%
Sold
Past 3 months
923
Median days on market
Past 12 months
14N/A
Average rent
Past 12 months
$650$610
Change in rent
Past 12 months
4.8%N/A

5 year median price trend for houses and units

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Springfield Lakes demographics

Springfield Lakes, located in the rapidly growing region of Greater Springfield in Queensland, is a vibrant and family-friendly suburb. Known for its picturesque lakes and abundant green spaces, it offers a serene yet connected lifestyle. The suburb's median age of 31 reflects a youthful and dynamic community, with many young families attracted to its modern amenities and family-oriented environment.

The suburb is characterized by a high proportion of couple families with children, making up 54.7% of the population. This highlights Springfield Lakes as a popular choice for families seeking a supportive community with excellent schools, parks, and recreational facilities. Additionally, 25.7% of households are couple families without children, indicating a diverse demographic that includes young professionals and empty nesters.

Housing in Springfield Lakes is predominantly owner-occupied, with 45.9% of properties owned with a mortgage, reflecting the suburb's appeal to first-time homebuyers and growing families. The rental market is also significant, with 43.7% of properties rented, providing options for those seeking flexibility. The suburb's well-planned infrastructure, including shopping centers, healthcare facilities, and public transport links, enhances its appeal as a desirable place to live.

Springfield Lakes infrastructure, key developments and investment opportunities

Springfield Lakes continues to benefit from its integration within the broader Greater Springfield masterplanned area, with ongoing investment around Springfield Central in health, education and retail supporting local amenity and employment. The established Orion Springfield Centre, nearby Mater health facilities and the University of Southern Queensland campus provide a strong hub for shopping, healthcare and tertiary education, which underpins demand from families and professionals.[1] Recent enhancements to parklands, lakeside walking trails and community recreation spaces maintain the suburb’s appeal for outdoor lifestyles and family living.[1][4]

Transport connectivity remains a key strength, with Springfield Central train station and Centenary Highway access offering relatively direct links to major employment centres, supporting both owner-occupier and investor interest.[1] A good mix of government and independent schools in and around Springfield Lakes, including Springfield Lakes State School and nearby Catholic and private options, continues to draw young families seeking strong education pathways.[3] Overall, the combination of growing services in the Greater Springfield precinct, upgraded community infrastructure and solid transport links is likely to sustain property demand and support long-term value in Springfield Lakes.

Springfield Lakes rental market trends

The rental market in Springfield Lakes has experienced modest growth, with house rents increasing by 4.8% over the past year to $650 per week, while unit rents have remained stable at $610 per week. This stability, combined with the suburb's family-friendly environment and expanding amenities, makes Springfield Lakes an attractive option for both renters and investors seeking steady returns.

Suburbs near Springfield Lakes

Some popular suburbs near Springfield Lakes include:

How does Springfield Lakes compare to nearby suburbs?

  • Median house prices: Springfield Lakes’s median house price is 3.6% higher than Springfield’s.
  • House price growth: Property prices in nearby Springfield have risen 3.4% more than in Springfield Lakes over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Springfield Lakes have grown 3.5% higher than in Springfield.
  • Selling speed for houses: Properties in Springfield Lakes are selling 6.7% faster than in Springfield.

Common questions about Springfield Lakes

  • Is Springfield Lakes a nice place to live?

    Springfield Lakes is a delightful suburb that offers a harmonious blend of nature and modern living, making it a fantastic place to call home. With its picturesque lakes and abundant green spaces, the suburb provides a serene environment that is perfect for families and individuals who appreciate outdoor activities. The community vibe is warm and welcoming, with a youthful and dynamic atmosphere that is particularly appealing to young families. The suburb is well-equipped with amenities, including a variety of schools, shopping centres, and recreational facilities, ensuring that residents have everything they need within easy reach.

    Safety is generally not a major concern in Springfield Lakes, which adds to its appeal as a family-friendly suburb. The area is known for its strong sense of community, where neighbors look out for one another, creating a supportive environment for raising children. While Springfield Lakes offers a peaceful lifestyle, it is not without its trade-offs. The suburb is located approximately 30km from Brisbane's CBD, which means that commuting to the city can be time-consuming, especially during peak hours. However, the suburb's excellent transport links, including the Springfield Central train station and major highways, help mitigate this issue by providing relatively direct access to major employment centres.

    For families, Springfield Lakes is an attractive choice due to its excellent educational options and the variety of housing available, catering to diverse lifestyles. The suburb's ongoing development and integration within the Greater Springfield area continue to enhance its livability, with ongoing investments in health, education, and retail supporting local amenities and employment opportunities. While Springfield Lakes may not offer the nightlife and trendiness of inner-city areas, it more than compensates with its strong community spirit, outdoor lifestyle, and family-oriented environment. Overall, Springfield Lakes is a charming suburb that offers a balanced lifestyle, making it a nice place to live for those seeking a peaceful yet connected community.

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  • Is it expensive to live in Springfield Lakes?

    Living in Springfield Lakes can be considered moderately expensive, particularly when it comes to housing. The current median house price is $1,005,000, which is relatively high compared to other areas in Queensland. For those looking to rent, the average rent for houses is $650 per week, which is a significant expense for many households.

    The average annual wage in Springfield Lakes is approximately $79,000, which is above the older average of $71,000. However, when you compare this to the median total household income of $2,184 per week, a large portion of earnings would go towards housing costs, whether buying or renting. This can make living in Springfield Lakes a bit of a stretch for some, especially when considering other living expenses.

    Overall, while Springfield Lakes offers a family-friendly environment with plenty of amenities, the cost of housing is a crucial factor to consider. If you are thinking of living in Springfield Lakes, it's important to evaluate your financial situation to ensure it aligns with the costs associated with residing in this suburb.

    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 Springfield Lakes a good place to invest?

    Springfield Lakes is showing promising signs as a potential investment hotspot. Over the past year, the suburb has experienced a significant increase in property values, with median house values rising by 15.3% and unit values surging by 21.0%. This upward trend indicates a strong demand for properties in the area, which is a positive sign for investors looking for capital growth opportunities.

    While the rental market for houses has seen a modest increase of 4.8% in rental prices, unit rents have remained stable over the past year. This stability in the rental market suggests a steady demand for rental properties, which can provide a reliable income stream for investors. Springfield Lakes' appeal lies in its family-friendly environment, good schools, and proximity to amenities, making it an attractive choice for both buyers and renters.

    Overall, Springfield Lakes presents a compelling case for investment, with its strong property value growth and stable rental market. The suburb's continued development and community appeal are likely to support ongoing demand, making it a solid option for those looking to invest in the real estate market.

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Choose the right real estate agents in Springfield Lakes

In Springfield Lakes ,138 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 33.2% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.38% and 3.17%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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