Suburb Profile Report for Spencer Park WA (6330)

Spencer Park House: Median price $335,000, Annual capital growth -1.08%, Number of sales 67, Weekly median advertised rent $348

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

Source: CoreLogic

  • House Report

Investment property in Spencer Park 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 -1.47%

If we look at median property appreciation over just the last three months, Spencer Park has given property investors a paper return of -1.47%. This puts Suburb as 225 on a list of fastest fasting appreciating suburbs in WA

Sellers are offering property buyers an average discount of -5.68% to buyers in Spencer Park at the moment, which is less than average for the rest of WA.

At number 2584 in a list of fastest selling suburbs, Spencer Park is in the bottom 40% of suburbs in Australia with an average of days on market 95.53 for properties listed there.

Renters in Suburb are facing rents around $4170 per annum or $347.5 every week.

Metrics i HOUSE UNIT
$335,000 N/A
-1.47% N/A
-1.47% N/A
-1.08% N/A
$348 N/A
67 N/A
5.39% N/A
95.53 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 3321
Median household income ($/weekly) 797
Median age of persons 43
Median housing loan repayment ($/monthly) 1389
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 405 12.2
    35-44 years 395 11.9
    45-54 years 397 12.0
    55-64 years 378 11.4
    65-74 years 336 10.1
    Others 1410 42.5
    Age Group
    Census Count Percent(%)
    Not Married 1059 45.2
    Registered Married 1057 45.1
    Defacto Relationship 226 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2462 77.4
    Papua New Guinea 82 2.6
    Philippines 74 2.3
    United Kingdom 316 9.9
    Other 47 1.5
    Others 200 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.7
    Christianity 1984 66.1
    Hinduism 13 0.4
    Other Religious Groups 21 0.7
    No Religion 951 31.7
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 165 13.6
    $400-$599 202 16.7
    $600-$799 140 11.5
    $800-$999 114 9.4
    $1,500-$1,999 132 10.9
    Others 460 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1248 47.5
    Employed, worked full-time 760 28.9
    Employed, worked part-time 457 17.4
    Employed, away from work 98 3.7
    Unemployed, looking for work 67 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 235 17.8
    Technicians & trades workers 231 17.5
    Clerical & administrative workers 162 12.3
    Sales 153 11.6
    Labourers 163 12.4
    Others 373 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 49 7.7
    Infants/Primary 265 41.8
    Secondary 151 23.8
    Technical or Further Educational Institution 108 17.0
    University or other Tertiary Institutions 54 8.5
    Others 7 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2783 93.1
    Semi-detached, row or terrace house, townhouse 148 4.9
    Flat, unit or apartment 59 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 582 44.1
    Fully owned 427 32.3
    Being purchased 302 22.9
    Other tenure type 10 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals