Springfield Lakes is part of Greater Springfield, Australia’s largest master-planned residential development in South East Queensland’s Ipswich region.
Boasting parks and lakes like Regatta Lake and Discovery Lake Reserve, a dedicated Spring Lake Metro neighbourhood and amenities from Springfield Lakes State School to the Orion Shopping Centre, this suburb ticks many boxes.
Add public transport infrastructure via the Springfield railway line at Springfield Central, Cross River Rail to Brisbane CBD, Translink bus routes and the Centenary Highway (M5), and you’ve got connectivity sorted!
But when it comes to dollars and cents, the capital growth, rental yields and median price, is Springfield Lakes a good investment property?
In this guide, we’ll explore the property market overview, current real estate trends, affordability and price trajectory, so you can decide if Springfield Lakes suits your investment portfolio.
Tailored Financing for Springfield Lakes Buyers. Whether you’re a first-time investor or expanding your portfolio, our Queensland mortgage brokers will design a loan solution to suit your needs. Call (07) 3461 6499 or visit www.zestmortgagesolutions.com.au/ to learn more.
Springfield Lakes Property Market Overview
Location highlights and connectivity
Springfield Lakes sits just off the Centenary Highway (M5) in the Western Growth Corridor, giving you a straight shot into Brisbane CBD or Ipswich. Springfield Central Station on the Springfield railway line delivers a roughly 30-minute trip to the city.
Translink buses weave through the suburb, and the Jindalee Bridge connects you westward. Built on higher ground behind flood levees, the area is officially flood-protected. Most homes hook up to NBN fibre or fixed wireless, so you won’t be stuck on a legacy 3G mesh network.
Recent sales volume and median house values
Over the past five years, house prices in Springfield Lakes have climbed from about $500,000 to roughly $630,000 today, while units jumped from around $300,000 to $395,000.
Entry-level apartments now start near $350,000, with premium lakefront homes fetching up to $900,000 around Robelle Domain’s golf course. CoreLogic and Real Estate Investar data show total sales volume steadily rising, average days on the market sitting at 30–40 days, and around 150–200 listings available at any one time.
Comparison with neighbouring suburbs
Compared with Forest Lakes, Springfield Lakes stands out for its larger waterways, Regatta Lake and Discovery Lake Reserve, alongside family-friendly spots like the YMCA Community Centre and Springlake Hotel.
Forest Lakes, by contrast, is more residentially dense with fewer public open spaces. Springfield Central leans into its commercial heart: Orion Shopping Centre, Mater Private Hospital and the University of Southern Queensland’s teaching hub anchor a bustling precinct, but you’ll find fewer waterfront parklands than in Springfield Lakes.
Both neighbouring suburbs enjoy low vacancy rates (around 1.8%) and strong owner-occupier demand; yet, Springfield Lakes often edges ahead in lifestyle appeal and inspection interest.
Current Real Estate Trends in Springfield Lakes
Supply vs Demand Dynamics
Springfield Lakes still records a tight supply vs demand ratio. Vacancy rates sit at about 1.8–2.0%, while tenant enquiries have climbed by mid-teens per cent year-on-year across Greater Springfield.
Stock on the market rarely tops 200 listings, and properties lease in roughly 30–40 days (around five weeks). These figures reflect a sustained property boom since 2021, driven by population growth in the Ipswich region and ongoing master-planned residential development.
New Developments & Infrastructure
- Health City Expansion: Stage 2 at the Mater Private Hospital precinct is underway, adding specialist medical suites and allied-health services.
- Dusit Thani Resort: Still at the proposal stage, with no confirmed start date.
- Orion Shopping Centre: Completed its Stage 2 expansion in late 2022; additional retail and commercial lots by Springfield Land Corporation are in planning.
- Cross River Rail: Due mid-2025, it won’t add a new Springfield Lakes station but will cut CBD travel times on the Springfield line.
- Broadband & Tech Precinct: Homes now connect via NBN (FTTP or fixed wireless), replacing the old 3G mesh pilot. The nearby University of Southern Queensland teaching hub and Knowledge Precinct continue to attract tenants like GE Digital and co-working spaces.
Rental Market Performance
Investors can expect gross rental yields of around 4.3–4.7% for houses and 5.0–5.4% for well-appointed units.
The median weekly rent is approximately $520 for houses and $450–$480 for units, with larger homes ranging from $580 to $600.
Low vacancy rates and strong enquiry levels mean quick lease-up times, especially for waterfront or energy-efficient properties.
However, pockets near Orion Shopping Centre face competition from newer suburbs like Forest Lakes, so always check the latest vacancy maps and demographic insights before committing.
Source: Domain, Realestate.com.au
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Affordability & Price Trajectory
Over the past five years, Springfield Lakes has delivered solid capital growth.
According to CoreLogic’s Home Value Index, the median house price jumped from about $500,000 in mid-2020 to around $630,000 today, roughly 26% growth.
Units have risen from $300,000 to about $395,000 (≈32% growth). Entry-level apartments now start near $350,000, while premium lakefront homes by Regatta Lake can fetch upwards of $900,000.
Typical deposit & mortgage scenarios
- Entry-level buy: A 10% deposit on a $350,000 unit is roughly $35,000. At an interest rate of nearly 5.25% per annum over 30 years, repayments are approximately $1,600–$1,800 per month.
- Premium home: A 20% deposit on a $900,000 house ($180,000) leaves a $720,000 loan. At the same rate and term, repayments are approximately $3,800 to $4,200 per month.
Value for money?
Compared with neighbouring suburbs, Springfield Lakes remains competitively priced:
- Springfield Central median house price: circa $560,000.
- Forest Lakes median house price: around $640,000.
Springfield Lakes offers slightly more affordable entry points plus lifestyle perks, close to the University of Southern Queensland teaching hub, Mater Private Hospital and cafes like Purple Cow at Orion Shopping Centre.
Potential Risks
Growth could be tempered if new listings surge, putting pressure on capital gains and asking prices.
Key risks include:
- Oversupply from upcoming master-planned stages
- Interest-rate sensitivity, which could pinch mortgage affordability
- Price competition as more stock comes online
On the plus side, Springfield Lakes’ flood-protected zoning, proximity to Health City’s Mater Private Hospital, the University of Southern Queensland’s Knowledge Precinct (with tenants like GE Digital) and faster CBD access via the upcoming Cross River Rail offer strong buffers.
3 Key Reasons to Invest in Springfield Lakes
In summary, Springfield Lakes ticks all the investor boxes. Here are the three core factors that make it stand out:
- Strong Capital Growth
- Median house prices have lifted roughly 26% over five years, with forecasts of 5–6% p.a. growth ahead.
- Median house prices have lifted roughly 26% over five years, with forecasts of 5–6% p.a. growth ahead.
- Attractive Rental Yields & Low Vacancy
- Gross yields of 4.3–4.7% for houses and 5.0–5.4% for units, plus vacancy rates around 1.8–2.0%, mean steady income and minimal downtime.
- Gross yields of 4.3–4.7% for houses and 5.0–5.4% for units, plus vacancy rates around 1.8–2.0%, mean steady income and minimal downtime.
- World-Class Infrastructure & Amenities
- Direct rail to Brisbane CBD (30 min), upcoming Cross River Rail, Health City expansion, USQ Knowledge Precinct, parks, lakes and Orion Shopping Centre all support long-term demand.
- Direct rail to Brisbane CBD (30 min), upcoming Cross River Rail, Health City expansion, USQ Knowledge Precinct, parks, lakes and Orion Shopping Centre all support long-term demand.
Your Investment, Our Expertise. Make your Springfield Lakes property purchase seamless. Zest Mortgage Solutions’ Queensland mortgage brokers specialise in investor loans, refinancing and portfolio strategies. Contact us on (07) 3461 6499 or explore www.zestmortgagesolutions.com.au to unlock your next great opportunity.
Frequently Asked Questions (FAQs)
Is Springfield Lakes a good place to invest?
Yes. Multiple train stations connect Springfield Lakes to the Brisbane CBD, and robust house and unit sales continue to occur each year. With a median property price of nearly $630,000, a median rent of around $520 per week, and strong rental rates, it’s an attractive investment.
Which suburb is best to invest in Brisbane?
In Brisbane, well-established suburbs like Paddington, Windsor and Kangaroo Point often top growth lists. However, emerging corridors like Springfield city offer lower listing price thresholds and strong upside potential just outside the metro area.
Where is the best place to invest in property in Queensland?
Queensland’s coastal hotspots, the Gold Coast and Sunshine Coast, drive tourist gains, while Brisbane’s inner suburbs deliver strong capital growth. Emerging commercial real estate precincts in Logan City and Maroochydore also promise solid returns, backed by population growth and infrastructure development.
If you want to find out more about our top choices in Queensland for property investment, please check out our guide: Queensland's Top 10 Locations for Investment Buyers 2025
What are the types of loans available for property investors in Queensland?
Investors can choose from standard variable-rate loans, fixed-rate loans, interest-only loans and line-of-credit facilities. Each affects your mortgage repayments differently: interest-only options lower initial outlays, while principal-and-interest loans build equity faster.
Wrapping Up
Springfield Lakes offers a winning combination of steady growth, solid rental returns, and lifestyle perks, making it a standout choice for property investors.
But every investor’s journey looks a little different, and that’s where our Queensland mortgage brokers at Zest Mortgage Solutions come in. We service the entire state and are here to help you explore loan options tailored to your goals.
Book your free consultation today by calling (07) 3461 6499 or visiting www.zestmortgagesolutions.com.au. Let’s chat about making Springfield Lakes work for you!
