Spring Grove NSW 2470
Spring Grove is in Richmond Valley LGA, NSW, postcode 2470, with population 532.
Strong evidence
Spring Grove has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Gross rent yield screens at about 10.4%. Postcode-derived rent for 2470. Multiple suburbs can share this rental market signal.
Open matching rent ranking →24 latest-year approvals in Richmond Valley, +0.0% YoY; population +0.3% YoY (0.4% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-led investor candidate
Gross rent yield screens at about 10.4%. Snapshot rent $480/wk.
Postcode-derived rent for 2470. Multiple suburbs can share this rental market signal.
Spring Grove has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Transport
No fallback or lower-precision signals flagged.
Schools, Hospitals
Spring Grove currently reads as a income-first candidate with a affordability-first secondary angle.
Gross yield screens at about 10.4%. Entry price sits in the lower-cost range for a first-pass screen. Small local population makes the signal set more fragile.
Compare it against one challenger, then use the AU calculator to model the financial case.
Gross yield screens at about 10.4%. Entry price sits in the lower-cost range for a first-pass screen. Transport coverage adds a practical access signal.
Small local population makes the signal set more fragile.
Schools
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Spring Grove NSW
Spring Grove is a small community in New South Wales within the Richmond Valley local government area (postcode 2470). With a population of 532, the suburb has an established demographic with a median age of 43. Households earn a median income of $96K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Grove is $240,000, having grown strongly 6.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $2,059.
Public transport access includes 20 bus stops. The crime rate in the Richmond Valley LGA is moderate at 4,775 incidents per 100,000 population.
From an investment perspective, Spring Grove offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($240K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +6.7% year-on-year. Population growth of +0.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Spring Grove is a small community in New South Wales within the Richmond Valley local government area (postcode 2470). With a population of 532, the suburb has an established demographic with a median age of 43. Households earn a median income of $96K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Grove is $240,000, having grown strongly 6.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $2,059.
Public transport access includes 20 bus stops. The crime rate in the Richmond Valley LGA is moderate at 4,775 incidents per 100,000 population.
From an investment perspective, Spring Grove offers a gross rental yield of 10.4%, rated as high yield. Property prices sit below the state median ($240K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +6.7% year-on-year. Population growth of +0.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Spring Grove FAQ
Common questions-
What LGA is Spring Grove in?
Spring Grove is in the Richmond Valley Local Government Area, NSW, postcode 2470. Council-level context for Richmond Valley LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Spring Grove?
The current median house price in Spring Grove, NSW is $240K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Spring Grove?
The median weekly rent in Spring Grove is $480/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
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What does the rent signal say about Spring Grove?
Rent-led investor candidate: Gross rent yield screens at about 10.4%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Spring Grove a good investment?
QuickProperty's investment signals for Spring Grove show: High Yield, Below Median, Affordable. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Spring Grove?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Spring Grove data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.