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.

Spence Real Estate Market Outlook

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.

Properties for sale Spence

53 magrath cr, spence, act, 2615

5

2

3

850000

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Internet Speed

Download 25 Mbps / Upload 5 Mbps

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Nearby Suburbs

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Public Transport

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General Points of Interest

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