Suburb Profile Report for Spence ACT (2615)

Spence House: Median price $625,000, Annual capital growth 4.08%, Number of sales 40, Weekly median advertised rent $505

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

Are you moving house? Our tip: move your mortgage too.

House Report

With a capital gain of 9.08% for the last 12 months, Spence, 2615 has performed for property investments than its average annual 4.08% property growth over the last 5 years.

Over the longer term, Spence has seen property prices show investors a 24.25% return over the last 3 years. This is worse than over the last 12 months

With the median price for a house in Spence being $625000 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 4.20%

Metrics	HOUSE	UNIT
Median price	$625,000	N/A
Quarterly growth	1.63%	N/A
12-month growth	9.08%	N/A
Average Annual Growth	4.08%	N/A
Weekly median advertised rent	$505	N/A
Number of sales	40	N/A
Gross rental yield	4.20%	N/A
Days on market	66.7272727272727	N/A

Your estimated repayment
$2,418.13/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Good (H), Good (U)

Find another suburb

Find a mortgage broker in Spence ACT

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