Springfield
Prepared by Ben O'Brien, Head of Sales / Lead AgentThe quarter in 30 seconds
- The median house price is $1,030,000 for the year to September, up 18.4% on a year ago. Homes are selling in a median of 22 days.
- Twenty-six homes sold in the quarter at a median of $1,030,000, and 12 of them fetched $1 million or more. The best result was $1.405 million on Telopea Way.
- Rents are up 4.6% in a year to $680 a week, and the gross yield is 3.8%.
- Springfield has the biggest blocks and the longest-held homes of the suburbs around it, and the steadiest values: down just 1.4 per cent over the quarter against 4.7 for Greater Brisbane. We sold three homes here this quarter.
Key stats
Value trend
Scarce stock and bigger blocks keep Springfield in front
Springfield is 18.4% ahead of where it was a year ago, with a median house price of $1,030,000 for the year to September and 101 sales in that time. It also held its value better than any suburb around it this quarter: RP Data's index, which runs to August, slipped just 1.4%, where Greater Brisbane lost 4.7% over the same three months (all dwellings, on Cotality's index). Rents are up 4.6% to $680 a week, and the gross yield is 3.8%.
Buyers and open homes
Twenty-six homes changed hands in Springfield between July and September, and 12 of them sold for $1 million or more. The best result was $1.405 million on Telopea Way. Homes here sell in a median of 22 days. Buyers still do not have much to choose from: 31 established houses are for sale today, plus nine house-and-land packages at Springfield Rise. At our own open homes across the area we met 57 groups over 40 opens, and four of those buyers came back for a second look. Our Springfield listing on Panorama Drive drew 14 groups in five opens.
With about 40 homes for sale, buyers in Springfield have the least choice in the area, and it shows at our open homes: our Panorama Drive listing drew 14 groups across five opens, double the team average. The families we meet have outgrown a Lakes or Mountain block and want land they can do something with.
Prices and the rental market
The typical Springfield house sold for $1,030,000 this quarter, which is also realestate.com.au's median for the year to September, up 18.4%. Eight of the 26 sales landed between $900,000 and $1 million, and 12 cleared $1 million. Rents have been steady at $680 a week for the last three months, up from $660 a year ago, across 153 rentals. The gross yield sits at 3.8% on realestate.com.au's figures for the year to September.
Twelve of the quarter's 26 sales cleared $1 million, and the top result was $1.405 million on Telopea Way. The quarter's median of $1,030,000 is right on the suburb's figure for the year, so Springfield held its level while the suburbs around it gave a little back. The seven buyers who put a figure on our Panorama Drive listing averaged $1.14 million, so buyers here know what a Springfield home is worth.
Infrastructure and investment
Mater Hospital Springfield opened on 20 May 2026 with 186 public beds, giving Greater Springfield its first public emergency department. Council's 2026-27 budget funds Stage 2 of the Springfield Parkway duplication, with a start proposed from September and completion in December 2027, and puts $10.5 million over three years into widening Augusta Parkway and Sinnathamby Boulevard to four lanes. The Springfield-Redbank special school is half built and opens for Term 1 2027, and a senior campus for Springfield Central State High School is being planned for 2029 to 2031. In July the City West site at Springfield Central sold for $50 million, with a Coles-anchored village centre planned to open in mid-2029.
Where Greater Springfield is heading
Ipswich passed 270,000 residents in January, up nearly 10,000 in a year, and council expects 530,000 within 20 years. Greater Springfield holds 38,415 of them. A passenger rail line from Ipswich to Springfield Central has been studied and has $7.5 million set aside for a business case, but no money yet to build it, so it stays a long-term prospect.
Springfield Central's next stage, the senior campus and the City West precinct, is on Springfield's doorstep. It is years rather than months away, but it is why I think Springfield keeps its premium over the Lakes for a long time yet.
Outlook for spring
Springfield is the one suburb around here where I would not wait for more stock before listing. There is so little of it that a well-presented home on a 700 square metre block has the field to itself, and we sold three here this quarter. Get a current figure and we can talk about timing.
What sold this quarter
House sales in Springfield published on realestate.com.au between 1 July and 30 September 2026.
Where the house sales landed
Top sales of the quarter
| Home | Price | Date · land |
|---|---|---|
| 50 Telopea Way | $1,405,000 | 17 Jul 2026 · 544 m² |
| 21 Camelia Street | $1,275,000 | 20 Jul 2026 · 1,000 m² |
| 22 Kingfisher Street | $1,265,000 | 19 Aug 2026 · 400 m² |
| 102 Sharpless Road | $1,257,000 | 15 Jul 2026 · 933 m² |
| 16 Hillview Street | $1,255,000 | 27 Aug 2026 · 815 m² |
Eight of the 26 sales were between $900,000 and $1 million, and 12 sold for $1 million or more. The five best results ran from $1.255 million to $1.405 million, on blocks of 400 to 1,000 square metres. Twenty-one of the 26 homes were four-bedroom houses. Three sold without a published price, and one small-block sale at $430,000 sits well below the rest.
Since the quarter closed
October has picked up where September left off. Three homes sold in the first half of October, two of them at $1 million or more, the best at $1.255 million on Carbeen Circuit.
| Home | Price | Sold |
|---|---|---|
| 31 Moresby Avenue | $1,000,000 | 16 Oct |
| 8 Carbeen Circuit | $1,255,000 | 7 Oct |
| 6 Bridgewater Road | Price not published | 2 Oct |
31 houses on the market
Advertised prices
Who holds the stock
| Agency | Listed | Share |
|---|---|---|
| Gale & Co. Springfield Lakes | 5 | 16% |
| STRUD Property (Team O'Brien) | 3 | 10% |
| Purple Cow Real Estate Greater Springfield | 3 | 10% |
| Clare May Real Estate Camira | 2 | 6% |
| Johnson Real Estate The Lakes | 2 | 6% |
Thirty-one established houses are for sale in Springfield today, with another nine house-and-land packages at Springfield Rise alongside them. Gale & Co. has five of the 31 and STRUD Property is next with three, level with Purple Cow. Only 16 of the 31 show an asking figure, with a median of $1,049,000; the rest are listed as contact agent or by offers.
What the rate rises mean
The Reserve Bank lifted the cash rate to 4.60% on 29 September, its fourth rise this year and the highest rate since November 2011. The next decision is due on 3 November. On the assumptions below, this year's rises add $387 a month to a $600,000 loan and $581 a month to a $900,000 loan, or about $4,650 and $6,975 a year.
Cash rate now
| 2026 | Rate |
|---|---|
| 3 February | 3.85% |
| 17 March | 4.10% |
| 5 May | 4.35% |
| 16 June | 4.35% |
| 11 August | 4.35% |
| 29 September | 4.60% |
Four rises in 2026, one percentage point in all
| Loan | Extra a month | Extra a year |
|---|---|---|
| $600,000 | +$387 | +$4,650 |
| $750,000 | +$484 | +$5,812 |
| $900,000 | +$581 | +$6,975 |
Based on a 30-year principal and interest loan with the variable rate at the cash rate plus 2 points, 5.60% in January and 6.60% now. A guide only; your lender sets your rate.
Across the corridor
Greater Brisbane has had a softer year than we have. Cotality's index for all dwellings fell 1.5% in September and 4.7% over the quarter, and sits 5.4% below its May peak at a median of $1,048,880, though it is still 5.9% up on a year ago. Brisbane home sales are down 27.2% on a year ago, the sharpest fall of any capital. Across the capitals homes are taking 39 days to sell, against 23 a year earlier, with 23.1% more homes listed.
How the corridor compares
Houses, all from RP Data, so every suburb is measured the same way.
Change in median house value this quarter
Side by side
| Suburb | Median value | Qtr | Year | Sold | Days | Rent | Yield |
|---|---|---|---|---|---|---|---|
| Springfield Lakes | $1,038,839 | -3.2% | +15.4% | 388 | 14 | $675 | 3.6% |
| Springfield | $1,067,985 | -1.4% | +16.5% | 118 | 15 | $680 | 3.6% |
| Spring Mountain | $1,091,931 | -3.5% | +13.5% | 189 | 17 | $720 | 3.5% |
| Brookwater | $1,357,608 | -3.8% | +13.9% | 89 | 42 | $950 | 3.1% |
| Augustine Heights | $1,253,844 | -2.8% | +17.2% | 104 | 14 | $660 | 3.2% |
| Redbank Plains | $882,694 | -3.6% | +16.3% | 519 | 13 | $602 | 3.8% |
Spring watch
What I'm watching between now and the next report.
Our results this quarter
We sold three homes in Springfield this quarter and have three homes listed here now. At our Springfield open homes we met 14 groups over 5 opens.
Over the last 12 months
Recent reviews
“Ben and his team are extremely professional and full of integrity. Ben's team is amazing providing excellent support and keeping communication at the forefront. Their knowledge of the area is high level and they are helpful along with honesty being key factors is supporting the sale of my property. I have bought and sold many properties and would highly recommend Ben and his team as your 'go to' agents knowing that they will do their very best to help you achieve a positive outcome.”
“Ben is an absolute pleasure to deal with. It was our first time selling and from the moment he showed up we knew we were in good hands. His confidence, communication and knowledge is second to none and he made the whole process feel personal and not just like a business transaction. Ben showed patience and gave us all the time we needed to make the decision. Ben got us a figure that far exceeded the original figure we had in mind and we plan on using him again soon! We can’t thank him enough.”
“Ben sold my property of the market, he did a great job and got a price above what I was expecting. Ben was professional and helpful throughout the process. I would definitely recommend Ben for anyone thinking of selling.”
From 77 verified reviews on realestate.com.au, 5.0 average. Clients most often say: great communicator (60), professional (52), genuine (44), trustworthy (44).