Spence, ACT 2615
Compare Part of Unincorporated ACT
11.00 km
Distance from Canberra CBD
37 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | $475,000 | -3.2% | $70,000 | $880,000 | 47 |
| 2014 | $485,000 | +2.1% | $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 | $935,000 | +11.2% | $640,000 | $1,235,000 | 24 |
| 2023 | $860,000 | -8.7% | $725,000 | $1,302,500 | 21 |
| 2024 | $850,000 | -1.2% | $675,000 | $1,060,000 | 17 |
Median Sale Price
$850K
Based on 17 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-1.2%
Current Median Price: $850,000
Previous Median Price: $860,000
Based on 38 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | 11 |
| 2020 | $540 | -3.7% | $450 | $680 | 9 |
| 2021 | $600 | +10.0% | $450 | $800 | 12 |
| 2022 | $700 | +14.3% | $550 | $820 | 16 |
| 2023 | $630 | -11.1% | $510 | $950 | 22 |
| 2024 | $720 | +12.5% | $500 | $920 | 12 |
Median Rent Price
$720
per week
Based on 12 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+12.5%
Current Median Rent: $720
Previous Median Rent: $630
Based on 34 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.4%
Current Median Price: $850,000
Current Median rent: $720
Based on 29 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Spence
Houses sold in Last 12 months ends 21 Dec 2024
$995K
Median Sale Price
67%
Clearance Rate
6/9
Sold/Reported
$1.06M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 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 |