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 4.3% and has experienced a 12-month capital growth of Up 6.1%, with a median house buy price of $933,250. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
–
$835,500
$990,000
$933,250
Suburb Market Profile
Last month Spence had 1 property available for rent and 6 properties for sale. Median property prices over the last year range from $933,250 for houses to $590,000 for units. If you are looking for an investment property, consider houses in Spence rent out for $740 PW with an annual rental yield of 4.3% and units rent for $550 PW with a rental yield of 4.9%. Spence has seen an annual compound growth rate of 6.1% for houses and -3.0% for units.
Top Yielding Suburbs in ACT
Explore other high-yield positive cash flow investment markets in ACT