Suburb Profile Report for Spencer Park WA (6330)

Spencer Park House: Median price $310,500, Annual capital growth -1.03%, Number of sales 50, Weekly median advertised rent $350

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

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

  • House Report

If you compare the increase in value of investment property in Spencer Park, 6330 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 5.25%.

If we look at median property appreciation over just the last three months, Spencer Park has given property investors a paper return of -0.96%. This puts Suburb as 276 on a list of fastest fasting appreciating suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.59% offered to property buyers. Sellers in Spencer Park itself are offering an average vendor discount of -10.97% to real estate investors.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

Metrics i HOUSE UNIT
$310,500 N/A
-0.96% N/A
5.25% N/A
-1.03% N/A
$350 N/A
50 N/A
5.86% N/A
140.625 N/A

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

DSR Score for property investment : Balanced (H), Above 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
Chart Table