SPENCE 2615
State: ACTPosiProp AI Investment Summary
SPENCE (ACT 2615) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.1% and has experienced a 12-month capital growth of Up 6.6%, with a median house buy price of $895,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
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$840,000
$990,000
$895,000
Suburb Market Profile
Last month Spence had 4 properties available for rent and 8 properties for sale. Median property prices over the last year range from $895,000 for houses to $606,100 for units. If you are looking for an investment property, consider houses in Spence rent out for $730 PW with an annual rental yield of 4.1% and units rent for $550 PW with a rental yield of 4.9%. Spence has seen an annual compound growth rate of 6.6% for houses.