Spence, ACT 2615
Compare Part of Unincorporated ACT
11.00 km
Distance from Canberra CBD
37 k
Population
Auction Times
Wed 14 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 3 Magrath Crescent 4 2 2 House | 5:30 PM Wed 14th Dec | Independent Property Group Gungahlin |
Median Sale Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
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 | $901,000 | 23 |
| 2010 | $458,000 | -0.4% | $250,000 | $827,000 | 29 |
| 2011 | $455,000 | -0.7% | $355,000 | $630,000 | 34 |
| 2012 | $490,000 | +7.1% | $365,000 | $675,000 | 29 |
| 2013 | $461,500 | -6.2% | $70,000 | $772,000 | 47 |
| 2014 | $485,000 | +4.8% | $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 | $680,000 | +8.8% | $450,000 | $819,200 | 20 |
| 2020 | $730,000 | +6.8% | $540,000 | $820,000 | 16 |
| 2021 | $830,000 | +12.0% | $670,000 | $1,475,000 | 21 |
| 2022 | $960,000 | +13.5% | $640,000 | $1,125,000 | 22 |
Median Sale Price
$960K
Based on 23 recorded sales within the last 12 months
Updated on 2 Dec 2022
Suburb Growth
+14.1%
Current Median Price: $960,000
Previous Median Price: $825,000
Based on 44 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2022)
Price Range Segments (12 months ending Nov 2022)
Median Weekly Rent Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
1 BR - | 2 BR - | 3 BR - |
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 | $490 | +12.2% | $285 | $580 | 16 |
| 2017 | $490 | 0.0% | $325 | $700 | 23 |
| 2018 | $520 | +5.8% | $500 | $790 | 7 |
| 2019 | $560 | +7.1% | $460 | $750 | 10 |
| 2020 | $540 | -3.7% | $450 | $680 | 9 |
| 2021 | $600 | +10.0% | $450 | $800 | 12 |
| 2022 | $700 | +14.3% | $580 | $820 | 14 |
Median Rent Price
$700
per week
Based on 15 recorded rent within the last 12 months
Updated on 2 Dec 2022
Rent Price Growth
+14.3%
Current Median Rent: $700
Previous Median Rent: $600
Based on 27 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $960,000
Current Median rent: $700
Based on 38 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2022)
Auction Results For Spence
Houses sold in Last 12 months ends 26 Nov 2022
$965K
Median Sale Price
67%
Clearance Rate
8/12
Sold/Reported
$1.09M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 4 | |
| $600 K - $800 K | 1 | |
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 |