Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
SPENCER, 2775 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $565,000.
Profits due to an upward trend in home prices in the suburb averaged 15.58% per annum over a 3-year period.
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 102.5 days.
In 2016, 13 properties were sold in SPENCER during the past year, making it the 1224th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||46.75%||N/A|
|Median 5 years||82.55%||N/A|
|10 years average annual||-11.93%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||102.5 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|