All About Spencer Park, Albany, WA, 6330

Spencer Park, located in Albany, Western Australia, offers a unique and appealing slice of residential life, blending suburban tranquility with proximity to the amenities of a thriving regional center. The housing market in Spencer Park is characterized by a diverse range of properties, from classic family homes to modern residences, reflecting the suburb's evolution over the years. The relatively affordable housing prices, compared to the more central parts of Albany, make it an attractive option for families, first-time homebuyers, and retirees seeking a balance of comfort and lifestyle. Recent developments and infrastructure improvements have contributed to the area's growing popularity, with potential buyers drawn by the promise of stable investment and community growth.

Living in Spencer Park is often described as serene and family-friendly. Its location boasts easy access to Albany's bustling town center, beautiful beaches, and natural attractions, such as Torndirrup National Park and Middleton Beach, making it an ideal base for outdoor enthusiasts and those who appreciate a quieter pace of life. Residents enjoy a tight-knit community atmosphere, supported by local schools, parks, and shopping facilities, including the Spencer Park Shopping Centre, catering to daily needs without the necessity of long commutes. The suburb's layout, with its leafy streets and parks, encourages an active lifestyle, whether through neighborhood walks or community events. Overall, Spencer Park promises a blend of convenience and peaceful living within Albany's broader appeal.

Spencer Park Real Estate Market Outlook

Thinking about buying in Spencer Park? Now could not be a better time, with 2287 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $552,000 with prices in this suburb ranging from $100,000 to $1,265,000. Spencer Park is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Spencer Park there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Spencer Park 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 Spencer Park 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. High density population in Spencer Park requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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