Spence, ACT 2615
Compare Part of Unincorporated ACT
11.00 km
Distance from Canberra CBD
37 k
Population
Auction Times
Thu 7 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 139 Copland Drive 3 1 2 House | 6:00 PM Thu 7th Jul | Ray White |
Median Sale Price
House
$883K
Updated on May 2022
2 BR - | 3 BR $800K | 4 BR $985K |
Unit
$639K
Updated on May 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 | $702,000 | 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 | $975,000 | +14.9% | $640,000 | $1,125,000 | 15 |
Median Sale Price
$935K
Based on 27 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+17.9%
Current Median Price: $935,000
Previous Median Price: $768,000
Based on 46 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$635
Updated on May 2022
2 BR - | 3 BR $595 | 4 BR $750 |
Unit
$455
Updated on May 2022
1 BR $290 | 2 BR $455 | 3 BR $520 |
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 | $750 | +20.0% | $580 | $780 | 6 |
Median Rent Price
$650
per week
Based on 12 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+15.4%
Current Median Rent: $650
Previous Median Rent: $550
Based on 23 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $935,000
Current Median rent: $650
Based on 39 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For Spence
Houses sold in Last 12 months ends 25 Jun 2022
$990K
Median Sale Price
93%
Clearance Rate
12/13
Sold/Reported
$1.39M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M | 3 | |
| $800 K - $1 M (Median Price Range) | 3 | |
| $600 K - $800 K | 3 | |
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 |