Suburb Profile Report for Spence ACT (2615)

Spence House: Median price $563,000, Annual capital growth 4.92%, Number of sales 26, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

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%.

HOUSE UNIT
$563,000 N/A
2.83% N/A
4.74% N/A
4.92% N/A
$470 N/A
26 N/A
4.34% N/A
58.78 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2559
Median household income ($/weekly) 1849
Median age of persons 36
Median housing loan repayment ($/monthly) 2102
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 354 13.8
    25-34 years 353 13.8
    35-44 years 359 14.0
    45-54 years 307 12.0
    55-64 years 394 15.4
    Others 792 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 998 53.5
    Not Married 693 37.1
    Defacto Relationship 176 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2017 81.9
    Greece 19 0.8
    Papua New Guinea 17 0.7
    United Kingdom 137 5.6
    Other 88 3.6
    Others 184 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.8
    Christianity 1594 67.3
    Islam 13 0.5
    Judaism 6 0.3
    No Religion 729 30.8
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 109 13.5
    $2,000-$2,499 91 11.3
    $2,500-$2,999 93 11.6
    $3,000-$3,499 79 9.8
    $4,000 or more 69 8.6
    Others 364 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 881 45.3
    Not in the labour force 516 26.6
    Employed, worked part-time 383 19.7
    Employed, away from work 110 5.7
    Unemployed, looking for work 53 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 14.6
    Professionals 345 25.1
    Technicians & trades workers 176 12.8
    Community & personal service workers 131 9.5
    Clerical & administrative workers 293 21.3
    Others 228 16.6
    Occupation
    Census Count Percent(%)
    Pre-school 50 7.8
    Infants/Primary 233 36.3
    Secondary 169 26.4
    Technical or Further Educational Institution 56 8.7
    University or other Tertiary Institutions 120 18.7
    Others 13 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2359 97.2
    Semi-detached, row or terrace house, townhouse 39 1.6
    Flat, unit or apartment 28 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 389 44.3
    Fully owned 308 35.0
    Rented 182 20.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals