Get a property report and suburb profile for any property in Springfield Lakes

Springfield Lakes is a planned, lakeside suburb in Greater Springfield built around a series of artificial lakes and connected parkland. Streets of modern family homes and townhouses often back onto walking and cycling paths, playgrounds and wetlands, and there are neighbourhood shops and cafes beside the water plus community and sporting facilities and nearby schooling. The population is 17,211 with a median age of 31, and families are prominent — couple families with children make up 54.7% of households — while housing is mostly owner-occupied with a substantial renting share.

The suburb links readily to major roads and the rail hub at Springfield Central, where a multi-storey park and ride provides about 1,100 car spaces for commuters. The nearby Health City/Greater Springfield precinct includes a public-hospital expansion at Mater Private Hospital Springfield and a specialist medical complex under construction, and education works include expansion at the University of Southern Queensland’s Springfield campus and planning for a second senior campus. Whether Springfield Lakes suits you depends on whether a water-orientated, family-oriented suburb with nearby services fits your needs.

Buying a house in Springfield Lakes sits notably above local incomes. The median house price of $1,015,000 is about 8.9 times a typical local household's annual income as recorded at the most recent Census (weekly household income $2,184, which is $113,568 a year). Renting looks less stretched: an average house rent of $660 a week would take about 30.2% of a typical local household's weekly income at the last Census, a sizeable share, while an average unit rent of $635 a week would take about 29.1%, a moderate share. On these figures, buying is considerably more stretched against local incomes than renting.

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

The clearest signal over the past 12 months in Springfield Lakes is on property values. Unit values climbed 20.0% and house values rose 17.3% — both strong increases, with units outpacing houses by a few percentage points.

House rents increased 5.6% over the year, a solid gain, so the price-side movements have been notably larger than the rental increase shown for houses. If rental income is your main concern, the house rent figure is the one to watch; if capital growth matters more, the value changes are the relevant numbers. Whether that balance suits your plans depends on your goals 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.