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Spencer Park
AREA REPORTS

Spencer Park

Spencer Park - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6330

house

A steady increase in median property prices over a five-year period in the suburb translates to a 14.28% capital gain.

It also 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 $361,135

The augmented property values in the suburb are trailing behind the territorial average of 14.43% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $370.

Home owners selling their properties and realtors in SPENCER PARK usually have to wait an average of 47.7 days days before their assets are lifted off the market.

The WA suburb ranks 95th on the list of best yielding suburbs for rental properties in WA, posting a 5.33% return.

It also places places 206th in Australia based on median property value growth during the quarter.

Data report can be found below

Spencer Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $361,135 N/A
GROWTH REPORT
Median Quarterly 3.48% N/A
Median 12 month 6.37% N/A
Median 3 years 14.28% N/A
Median 5 years 7.8% N/A
10 years average annual 0.93% N/A
Weekly media advert. rent $370 N/A
Time on Market 47.7 days N/A
Gross Rental Yield Percent 5.33% N/A
demographics (median values)*
Total Population
35869
Weekly Household Income
1208
Household Size
2.40
Age
43
Monthly Loan Repayment
1603
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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