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Spencer Park, WA 6330
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$735,000
market range $675K-$850K
Median Unit
$455,000
list-price estimate
Gross Yield (houses)
4.5%
1yr Growth
-
Investment snapshot for Spencer Park
Spencer Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Spencer Park market and investor summary
Spencer Park (WA 6330) runs a median house price of $735K, with houses yielding a gross 4.5%. House prices have moved +66.9% over three years. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.3% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Spencer Park: people, income and schools
Spencer Park has a resident population of roughly 3,445, and the area has been growing steadily, up about 7% over five years. The median age is 48, skewed a little older, and families account for 59% of households.
Households here earn a median of about $56,000 a year, or roughly $1,080 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers.
There are 21 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 23 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,445
- +7% over 5yr
- Median age
- 48 years
- Median household income
- $56,000/yr
- Households renting
- 39%
- Family households
- 59%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 21
- avg ICSEA 993
- Unemployment
- 3.0%
- Walk score
- 23/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Spencer Park
No properties currently listed in Spencer Park
Search Spencer Park listings →Frequently asked questions about Spencer Park
What should I check before investing in Spencer Park?
Spencer Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.5% gives a usable rent-to-price starting point. 3-year capital growth of +66.9% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Spencer Park?
The median property price in Spencer Park, WA 6330 is $735K for houses.
What rental yield does Spencer Park show?
The gross rental yield in Spencer Park is 4.5% for houses and 3.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Spencer Park?
House prices in Spencer Park are up 66.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Spencer Park?
The current vacancy rate in Spencer Park is 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Spencer Park?
Spencer Park has a population of approximately 3,445 residents, with a median age of 48.
What schools are near Spencer Park?
There are 21 schools within roughly 5km of Spencer Park. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Spencer Park affordable to buy in?
A median house in Spencer Park costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Spencer Park's population growing?
The population of Spencer Park has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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