Giving property investors a an average capital gain of 4.74% for the last year, Spence, 2615 is the 2003th highest performer in Australia in this respect.
While Spence,2615 ranked number 29th in ACT for increase in median house value (annualised) increase, it is ranked 21th over the last 5 years.
Sellers are offering property buyers an average discount of -2.62% to buyers in Spence at the moment, which is less than average for the rest of ACT.
Residents and property investors in Spence have been waiting around 58.78 days to sell a property.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 4.92%.