All About Spence, Unincorporated ACT, ACT, 2615

Spence, located in the Unincorporated ACT within the Australian Capital Territory, is a suburban area that offers a serene and family-friendly environment. The housing market in Spence is characterized by a variety of detached homes, ranging from older, well-maintained properties to more modern constructions. Over recent years, the suburb has seen moderate growth in property values, reflecting its increasing popularity among families and first-time homebuyers. The community-centric nature of Spence, combined with its accessibility to Canberra's central business district, makes it an attractive option for those looking to balance suburban tranquility with urban convenience. Additionally, Spence's lush green spaces and nearby amenities contribute to its desirability.

Living in Spence provides residents with a pleasant blend of community and convenience. The suburb is known for its welcoming atmosphere and offers a number of parks, schools, and local shops, making it easy for families to settle in. Its proximity to major roads and public transport options allow for straightforward commutes to other parts of Canberra and the surrounding areas. Spence is perfect for those who appreciate a slower pace of life, with a strong sense of community and plenty of recreational options. Whether you're enjoying a stroll in one of its parks or participating in local community events, Spence is a suburb that embraces a relaxed and connected lifestyle suitable for individuals and families alike.

Spence Real Estate Market Outlook

Thinking about buying in Spence? Now could not be a better time, with 1124 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $762,000 with prices in this suburb ranging from $72,000 to $4,379,000. The aproximate distance to the coast is 115 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Spence are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Spence changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Spence to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Spence we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Spence a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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