Located in New South Wales within the Richmond Valley local government area, Spring Grove is a small locality (postcode 2470). The area has roughly 532 residents and 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 +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, 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.
Spring Grove has a median house price of $1.0 million, which has surged by 19.8% year-on-year. The current median weekly rent is $522. This gives a gross rental yield of approximately 2.7%. 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 5,127 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.7% (low yield). Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +19.8% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.