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.