Spence is an average performer in ACT when comparing median price capital growth over the last year. Spence gave property investors a average capital gain figure when compared to the rest of the state, with 5.42%.
While Spence,2615 ranked number 12th in ACT for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.63% offered to property buyers. Sellers in Spence itself are offering an average vendor discount of -2.84% to real estate investors.
With the median price for a house in Spence being $569000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.11%