Spence ACT 2615

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

$600k Median Sale Price (National Average $485k) 70th In ACT
10.50% Median Price Change (1 yr) (National Average 4.30%) 22nd In ACT
$500pw Median Rent (National Average $395) 77th In ACT
4.3% Median Gross Yield (National Average 4.24%) 44th In ACT
Upgrade to Premium to see median values for houses split by bedrooms. Learn more
Properties sold 43
Average discounting -0.81%
Average Days on Market 22
Stock on Market 6 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
Upgrade to Premium to view Investment Strategy Scores for every available property and suburb in Australia
Upgrade to Premium to view pros & cons and Investment Strategy Scores for every available property and suburb in Australia
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


Loading

State Auction Clearance Rates - January 2019

Auctions Clearance rate
ACT 6 50%
NSW 26 47%
NT 1 0%
QLD 27 19%
SA 22 47%
TAS 2 0%
VIC 36 29%
WA 10 20%

Local Schools


Loading

Suburb Information

Spence, ACT 2615

Part of: Belconnen Council No data available

The size of Spence is approximately 1.5 square kilometres. It has 14 parks covering nearly 10.7% 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 42 Houses sold in Spence in the past 12 months with a median sale price of $600K, up 10.6% annually. It takes on average 22 days to sell with vendor discounting of -0.81%.

Streets in Spence


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Felixstow SA, 5070 7.59% $673,500 $430pw 3.3% View Suburb Profile
Kureelpa QLD, 4560 1.69% $600,000 $540pw 4.7% View Suburb Profile
Cook ACT, 2614 9.83% $760,000 $530pw 3.6% View Suburb Profile
Evatt ACT, 2617 5.25% $571,500 $500pw 4.5% View Suburb Profile
Wynnum QLD, 4178 0.62% $650,000 $460pw 3.7% View Suburb Profile
Mill Park VIC, 3082 3.62% $665,000 $380pw 3.0% View Suburb Profile