Investment property in Spence has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.38%
If we look at median property appreciation over just the last three months, Spence has given property investors a paper return of -1.40%. This puts Suburb as 68 on a list of fastest fasting appreciating suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Spence itself are offering an average vendor discount of -1.75% to real estate investors.
Spence, 2615’s gross rental yield is 4.42%
In the last year 11 properties changed hands in Spence, which puts it as the 68th most active market in ACT when comparing the number of sales per suburb.