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    Real Estate Market: Is Springmount VIC 3364 a Good Suburb to Buy Into?

    Housing Market in Springmount
    Key Springmount Metrics & Forecast to 2028
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Ballarat Trend
    Capital Growth Forecast: Houses
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    Capital Growth Forecast: Houses (2-Year Outlook)
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    Median yield for houses
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    Smart median rent: All houses
    		$413 Bottom 2% 50% to Apr 2025
    Smart median sale price: All houses
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    Housing Supply in Springmount
    Springmount Real Estate Investor Report
    Sample Graphic
    The higher the supply score the more supply is on the market, both current and future.
    Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
    Springmount
    29.6%
    Springmount
    29.6%
    Ballarat
    34.8%
    Ballarat
    34.8%
    Compare
    Suburbs
    Field Value VS Ballarat Trend
    Development applications
    		0 Bottom 38% Data for Jun 2025
    Developments
    		0.0 Bottom 10% Data for Jul 2023
    Housing Stock Quality Indicator
    Total new residential buildings value (SA2)
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    Days on market: houses
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    Days on market: units
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    Volume of houses sold in the last 30 days
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    Volume of units sold in the last 30 days
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    Stock on Market
    		0 Bottom 26% Data for Apr 2025
    Housing Stock Quality in Springmount
    The higher the score, the higher the quality of the houses and units.
    Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023
    Field Value VS Ballarat Trend
    Houses
    		100.0% Top 31% Data for Jan 2021
    Average bedrooms - all homes
    		2.9 Top 17% Data for Jan 2021
    NBN connection: fibreoptic cable to node
    		0.0% Bottom 37% Data for Jun 2023
    Development Restrictions in Springmount
    Springmount Zoning Map
    Sample Graphic
    The higher the score, the more easily density can be increased.
    Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
    Springmount
    18.7%
    Springmount
    18.7%
    Ballarat
    29.0%
    Ballarat
    29.0%
    Compare
    Suburbs
    Field Value VS Ballarat Trend
    Heritage overlay total area
    		0.1 sq km Top 36% Data for Jun 2023
    Risk in Springmount
    Springmount Risk Report
    Sample Graphic
    The higher the score, the more exposed households are to financial stress.
    Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
    Springmount
    35.5
    Springmount
    35.5
    Ballarat
    40.0
    Ballarat
    40.0
    Compare
    Suburbs
    Field Value VS Ballarat Trend
    Housing Affordability Index
    		35 Top 40% Data for Jun 2023
    Median monthly mortgage
    		$2,400 Top 26% 75% to May 2023
    Rent Affordability Index (Houses)
    		83 Top 23% Data for Jun 2023
    Rent Affordability Index (Units)
    		78 Top 38% Data for Jun 2023
    Mortgage as a percent of income
    		16.8% Bottom 25% 39% to Jan 2021
    Mortgaged Dwellings
    		48.8% Top 24% 9% to May 2023
    Housing Demand in Springmount
    The higher the score, the more demand their is for housing in the area, both current and future.
    Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030
    Springmount
    30.8%
    Springmount
    30.8%
    Ballarat
    54.4%
    Ballarat
    54.4%
    Compare
    Suburbs
    Field Value VS Ballarat Trend
    Net internal migration (LGA)
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    Future Population (SA2)
    		8710 Bottom 33% 8% to Dec 2036
    Historical Population (SA3)
    		31100 Bottom 16% 20% to Dec 2023
    Historical population growth
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    Population (LGA)
    		16600 Top 45% 16% to Dec 2030
    Population Projection (LGA)
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    Auction clearance rate
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    Proportion of distressed listings
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    Unit Market in Springmount
    Springmount Unit Investor Report
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Ballarat Trend
    Median yield for units
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    Smart median rent: All units
    		$355 Bottom 6% 62% to Mar 2025
    Smart median sale price: All units
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    Unit to house ratio
    		73.0% Bottom 48% 1% to Mar 2025
    LGA Details (1)
    Recently Sold Houses (47)
    Businesses (1)
    Turnover Rate by Street (9)
    Percent of Renters by Street (12)
    Recent Rental House Listings (100)
    Median House Sale Prices by Street (100)
    Recently Sold Units (100)
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    Profiles
    People & Lifestyle
    Crime & Disadvantage
    Real Estate
    Affluence & Economy
    Environment
    Nearby Suburbs
    Creswick
    Smokeytown
    Broomfield
    Kingston (Vic.)
    Newlyn
    Dean
    Allendale
    Wattle Flat (Vic.)
    Creswick North
    Cabbage Tree