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43 Magrath Crescent,
Spence ACT 2615

This property is Off Market

All about Spence Homes for sale in Spence


  • The Average property price in this area is $762,404, this is based on recent transactions.
  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 116.50 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Powerlines within 200m 0
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About Spence

With an average age of 41, households expect an average monthly mortgage payment of $2,228 or a weekly rent payment of $508. The average family earns a weekly income of $3,015 with a typical household size of 2.7 and a 94.46% employment rate.

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.

Public Transport

General Points of Interest


Population

(Country of Birth not stated 3%)

Are people healthy?

There are a recorded 307 asthma sufferers and 103 people living with diabetes. In addition, 115 people have a heart/vascular condition and 254 people live with three or more chronic diseases.

A good place to invest in property?

Spence a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Australian Capital Territory State average 56 / 100

Income

53 / 100

56 / 100

Industry

19 / 100

28 / 100

Population

18 / 100

26 / 100

House Prices

66 / 100

72 / 100

Jobs

20 / 100

32 / 100


Local Crime Rates

Incidents Trend State Average


Local Schools

  • Taqwa School

    Spence, ACT, 2615 Independent K-6

  • Florey Primary School

    Florey, ACT, 2615 Independent K-6

  • Melba Copland Secondary School

    Melba, ACT, 2615 Independent 7-12

  • Mount Rogers Primary School

    Melba, ACT, 2615 Independent K-6

  • Miles Franklin Primary School

    Evatt, ACT, 2617 Independent K-6

  • Charnwood-Dunlop School

    Charnwood, ACT, 2615 Independent K-6

  • St Monica's Primary School

    Evatt, ACT, 2617 Independent K-6

  • Evatt Primary School

    Evatt, ACT, 2617 Independent K-6

  • St Thomas Aquinas Primary School

    Charnwood, ACT, 2615 Independent K-6

  • Fraser Primary School

    Fraser, ACT, 2615 Independent K-6


Property Story

43 Magrath Crescent, Spence, Act, 2615 is a residential property . The estimated distance to the sea is 116.5km and at least 3.23KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

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The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.


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