Question 1

Is Springwood a nice place to live?

Accepted Answer

Springwood sits in the lower Blue Mountains, surrounded by eucalypt-clad gullies with easy access to the Blue Mountains National Park. The centre has a compact village feel, with cafes, everyday shops and community facilities clustered around the train station on the Blue Mountains Line, and the Great Western Highway provides road links. Housing ranges from older cottages and federation-era homes on tree-lined streets to newer houses on sloping blocks, appealing to families, downsizers and commuters who value a leafy, bushside lifestyle with nearby walking tracks, picnic spots and scenic lookouts.

About 8,423 people live in Springwood and the median age is 48, with a median total household income of $1,778 a week. The suburb is largely owner-occupied, with about four in five dwellings owned and 18.3% rented, and families are prominent, with couple families making up 85.5% of all families. Local projects shaping everyday life include hospital upgrades, recent transport works on the Blue Mountains line, a redeveloped library with extended hours and improvements to parks, sporting facilities and community amenities.

Question 2

Is it expensive to live in Springwood?

Accepted Answer

On the figures for Springwood, a median house price of $1,050,000 works out to about 11.4 times a typical local household's annual income at the last Census (weekly household income $1,778, or $92,456 a year). Looking at renting, $680 a week for a house would take about 38.3% of that weekly household income at the last Census, a sizeable share, while $478 a week for a unit would take about 26.9%, a moderate share. Against what local households earned at the last Census, buying is substantially more stretched than renting; whether that feels expensive depends on your own 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 Springwood a good place to invest?

Accepted Answer

Both houses and units in Springwood saw solid price gains over the past year: median house values climbed a strong 13.0% while median unit values rose 10.8%, with houses gaining slightly more than units. In plain terms, capital growth was the clearest movement in the suburb over the 12 months to the data date.

On the income side, unit rents declined 4.0% over the year, so rental income from units eased in that period. If rental returns are your priority, that unit rent change is the figure that most directly affects income; whether that balance of capital growth versus rental movement suits you depends on your individual 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.

	Houses	Units
Median price Past 3 months	$1.05M	N/A
Change in value Past 12 months	13.0%	10.8%
Sold Past 3 months	22	2
Median days on market Past 12 months	25	20
Average rent Past 12 months	$680	$478
Change in rent Past 12 months	N/A	-4.0%

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