Suburb Profile Report for Spence ACT (2615)

Spence House: Median price $600,000, Annual capital growth 3.69%, Number of sales 40, Weekly median advertised rent $518

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic What is the right investment loan for you? Find out now

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House Report

Spence, 2615 ranked 22th in ACT when comparing growth in median property values or capital gain over the last 12 months. Spence is one of 126 in our list for ACT

Taking the average capital gain, or increase in median house value, Spence,2615 has racked up an average of 9.79% over the period. This ranks it number 723th in the whole country for real estate investors looking at median house price increases.

At number 62th of ACT’s most discounted properties, Spence is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $517.5 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$600,000	N/A
Quarterly growth	0.00%	N/A
12-month growth	9.79%	N/A
Average Annual Growth	3.69%	N/A
Weekly median advertised rent	$518	N/A
Number of sales	40	N/A
Gross rental yield	4.49%	N/A
Days on market	22	N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

Your estimated repayment
$2,426.22/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Very 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