Spence, ACT 2615
Compare Part of Unincorporated ACT
11.00 km
Distance from Canberra CBD
37 k
Population
Median Sale Price
House
$675K
Updated on Apr 2021
2 BR - | 3 BR $648K | 4 BR $770K |
Unit
$495K
Updated on Apr 2021
1 BR - | 2 BR $465K | 3 BR $601K |
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 | 16 |
| 2021 | $787,000 | +7.2% | $670,000 | $1,100,000 | 8 |
Median Sale Price
$768K
Based on 18 recorded sales within the last 12 months
Updated on 14 Jun 2021
Suburb Growth
+4.9%
Current Median Price: $768,000
Previous Median Price: $730,000
Based on 34 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$525
Updated on May 2021
2 BR - | 3 BR $510 | 4 BR $575 |
Unit
$460
Updated on May 2021
1 BR - | 2 BR $460 | 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 | $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% | $450 | $680 | 9 |
| 2021 | $550 | +5.5% | $450 | $600 | 3 |
Median Rent Price
$540
per week
Based on 8 recorded rent within the last 12 months
Updated on 14 Jun 2021
Rent Price Growth
0.0%
Current Median Rent: $540
Previous Median Rent: $540
Based on 14 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.7%
Current Median Price: $768,000
Current Median rent: $540
Based on 26 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2021)
Auction Results For Spence
Houses sold in Last 12 months ends 12 Jun 2021
$770K
Median Sale Price
84%
Clearance Rate
10/12
Sold/Reported
$830K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M | 2 | |
| $600 K - $800 K (Median Price Range) | 8 | |
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 |