What if you bought in Spring Hill five years ago?

What if you bought in Spring Hill five years ago?
What if you bought in Spring Hill five years ago?

Spring Hill, an inner suburb of Brisbane, has witnessed a 3.2 percent increase in its median house price since 2014, according to realestate.com.au.  

Buyers who bought in this area early at the median price of $891,500 in 2014 now own a house with a median price of $920,000. 

Median house price 2014 Median house price 2019 Price difference  
 $891,500  $920,000  $28,500  

However, the suburb's median unit price dropped from $421,250 to $397,500 from 2014 to 2019.

Median unit price 2014 Median unit price 2019 Price difference  
 $421,250  $397,500  -$23,750  

For those who didn’t buy in Spring Hill five years ago, should they buy in Spring Hill now?

It is important to check the median price regularly to ensure you are not missing the best opportunity of buying a new home.

To learn all you need to know about Spring Hill, from median asking rents to average hold period, click here

According to Microburbs, Spring Hill is an 9/10, with 10/10 in its convenience score and 9/10 in its family score. 

 

 

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Spring Hill

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