Spencer

SPENCER, 2775 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling SPENCER, 2775 values up and netting property investors a capital gain of 38.55% for the past year.

Investors saw the median home price rise to $575,000.

SPENCER now ranks at the 1388th place on a list of fastest growing suburbs in the territory.

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

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SPENCER, homes and units usually stay on listing for an average of 104.7 days.

In 2016, 21 properties were sold in SPENCER during the past year, making it the 942nd most active market in NSW based on total real estate transactions.