Spence, ACT 2615
Compare Part of Unincorporated ACT
11.00 km
Distance from Canberra CBD
37 k
Population
Median Sale Price
House
$665K
Updated on Aug 2020
2 BR - | 3 BR $516K | 4 BR $725K |
Unit
$502K
Updated on Aug 2020
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $460,000 | 0.0% | $365,000 | $702,000 | 23 |
| 2010 | $455,000 | -1.1% | $250,000 | $660,000 | 29 |
| 2011 | $455,000 | 0.0% | $355,000 | $630,000 | 34 |
| 2012 | $490,000 | +7.1% | $365,000 | $675,000 | 29 |
| 2013 | $460,000 | -6.5% | $70,000 | $675,000 | 47 |
| 2014 | $485,000 | +5.2% | $349,000 | $646,500 | 13 |
| 2015 | $545,000 | +11.0% | $411,500 | $737,000 | 15 |
| 2016 | $590,000 | +7.6% | $470,000 | $790,000 | 25 |
| 2017 | $578,000 | -2.1% | $425,000 | $795,000 | 29 |
| 2018 | $620,000 | +6.8% | $430,000 | $837,000 | 24 |
| 2019 | $723,000 | +14.2% | $473,500 | $819,200 | 17 |
| 2020 | $730,000 | +1.0% | $540,000 | $820,000 | 10 |
Median Sale Price
$730K
Based on 14 recorded sales within the last 12 months
Updated on 30 Sep 2020
Suburb Growth
+6.8%
Current Median Price: $730,000
Previous Median Price: $680,000
Based on 33 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$520
Updated on Aug 2020
2 BR - | 3 BR $515 | 4 BR $515 |
Unit
$470
Updated on Aug 2020
1 BR - | 2 BR $460 | 3 BR $480 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $500 | 0.0% | $410 | $580 | 5 |
| 2012 | $475 | -5.3% | $420 | $585 | 7 |
| 2013 | $470 | -1.1% | $380 | $630 | 17 |
| 2014 | $458 | -2.6% | $350 | $575 | 10 |
| 2015 | $430 | -6.5% | $400 | $520 | 11 |
| 2016 | $470 | +8.5% | $285 | $580 | 16 |
| 2017 | $490 | +4.1% | $325 | $700 | 23 |
| 2018 | $520 | +5.8% | $500 | $790 | 7 |
| 2019 | $560 | +7.1% | $460 | $750 | 10 |
| 2020 | $520 | -7.7% | $460 | $540 | 5 |
Median Rent Price
$520
per week
Based on 7 recorded rent within the last 12 months
Updated on 30 Sep 2020
Rent Price Growth
-7.7%
Current Median Rent: $520
Previous Median Rent: $560
Based on 17 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.7%
Current Median Price: $730,000
Current Median rent: $520
Based on 21 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Spence
Houses sold in Last 12 months ends 26 Sep 2020
$668K
Median Sale Price
86%
Clearance Rate
6/7
Sold/Reported
$786K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K (Median Price Range) | 6 | |
Similar Suburbs to Spence 2615
Based on median house sale price sold in last 12 months
Schools closest to Spence, ACT 2615
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Mount Rogers Primary School | ALFRED HILL DRIVEMelba 2615 | Primary | Government | 1.58 km |
| Melba Copland Secondary School | COPLAND DRIVEMelba 2615 | Secondary | Government | 2 km |
| St Monica's Primary School | MOYNIHAN STREETEvatt 2617 | Primary | Catholic | 2.01 km |
| Fraser Primary School | TILLYARD DRIVEFraser 2615 | Primary | Government | 1.66 km |
| Miles Franklin Primary School | ALDERMAN STREETEvatt 2617 | Primary | Government | 2.07 km |
| Evatt Primary School | HEYDON CRESCENTEvatt 2617 | Primary | Government | 1.92 km |