Spence, ACT 2615

Spence, ACT 2615

Compare Part of Unincorporated ACT

11.00 km
Distance from 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