Powered by MOMENTUM MEDIA
AREA REPORTS

Spence

Suburb Profile

Spence - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2615

house

Based on its average 5-year and quarterly capital gains SPENCE, 2615 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that SPENCE, 2615 obtained a 4.57% growth over a ten-year period. It ranks 1762nd on our list of suburbs that property investors should look into.

SPENCE, 2615 in ACT belongs to the local government area of Unincorporated ACT.

SPENCE, 2615 has a capital gain of 11.57% for the past year, which is higher than average compared to its 42.11% growth within a five-year period.

With the median home price in SPENCE sitting at $675,000, and the average rent at $520, property owners could potentially earn a 4.01% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SPENCE are low, as opposed to average gains per annum over the past five years.

A 11.57% increase in median property prices in SPENCE, 2615 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 8th.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 N/A
GROWTH REPORT
Median Quarterly 6.3% N/A
Median 12 month 11.57% N/A
Median 3 years 25% N/A
Median 5 years 42.11% N/A
10 years average annual 4.57% N/A
Weekly media advert. rent $520 N/A
Time on Market 64.0 days N/A
Gross Rental Yield Percent 4.01% N/A
demographics (median values)
Total Population
2596
Weekly Household Income
1437
Household Size
2.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

housing market

Housing market reached turning point mid-2019

New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...

agent on phone

How agents aim to be close to sellers amid health crisis

“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...

Melbourne

Property market update: Melbourne, March 2020

The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...

rent

How long can ‘JobKeepers’ afford their rent?

Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...

Commercial rent relief code revealed

Commercial rent relief code revealed

The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...

financial impacts of coronavirus

I’m worried about the potential financial impacts of coronavirus, should I sell off some investments to free up cash flow?

With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.