Springfield Lakes Posts 20% Median Growth, Maintains Momentum
With heaps of new infrastructure projects and ongoing developments, including attractive housing for small to large families, Springfield Lakes has exhibited steady, sustained median growth of 20 per cent year-on-year as of the end of 2021.
Highlights
- The Springfield Lakes property market showed a 21.61 per cent median house price increase for the period January 2021 to December 2021, with the median ending the year at $529,000.
- Springfield Lakes’ median unit price also increased by 17.26 per cent for the same period, at $440,900.
- Home values in Springfield Lakes are still very accessible to most families and inventory is available, so the market is tipped for more growth.
Springfield Lakes House Price Growth
From January 2021 to December 2021, Springfield Lakes gained commendable momentum with a 21.61 per cent growth compared to last year, according to figures from Property Market Updates. The median house price for this suburb has reached the half-million mark at $529,000, up from $435,000.
