2. ACT
  3. Unincorporated ACT

Spence ACT 2615

Houses Units

Here you can find what you need to know about Spence, ACT, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$850K Median Sale Price (National Average $485k) 76th In ACT
-5.56% Median Sale Price Change (1yr) (National Average 4.30%) 100th In ACT
$575pw Median Rent (National Average $395) 95th In ACT
3.5% Median Gross Yield (National Average 4.24%) 56th In ACT

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Spence, ACT National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Spence, ACT National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Spence, ACT National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Spence


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Spence, ACT 2615

Part of: Unincorporated ACT Council No data available

The size of Spence is approximately 1.5 square kilometres. It has 11 parks covering nearly 17.3% of total area. The population of Spence in 2011 was 2,559 people. By 2016 the population was 2,585 showing a population growth of 1.0% in the area during that time. The predominant age group in Spence is 30-39 years. Households in Spence are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spence work in a professional occupation. In 2011, 78.3% of the homes in Spence were owner-occupied compared with 76.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Spence

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Spence   for Houses in last 12 months


There have been 34 Houses sold in Spence in the past 12 months with a median sale price of $850K, down 5.6% annually. It takes on average 42 days to sell with vendor discounting of -6.3%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Spencer NSW, 2775 Unavailable $512,500 Unavailable Unavailable View Suburb Profile
Maryland NSW, 2287 4.76% $770,000 $600pw 4.0% View Suburb Profile
Nerang QLD, 4211 14.86% $850,000 $740pw 4.5% View Suburb Profile
Spencer Park WA, 6330 10.86% $485,000 $495pw 5.3% View Suburb Profile
Baranduda VIC, 3691 6.33% $630,000 $560pw 4.6% View Suburb Profile
Spotswood VIC, 3015 -3.88% $1,115,000 $620pw 2.9% View Suburb Profile

Currency

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