Question 1

Is Spencer Park a nice place to live?

Accepted Answer

Spencer Park is a residential suburb of Albany with a mix of older and newer homes, mature street trees, a small local shopping strip and nearby parks and sports fields.

It is an older community with incomes below the median for Western Australia; 39.7% of homes are rented while most are owner-occupied, and couples without children are the largest family group. Everyday amenity includes community reserves, sports fields and road connections to coastal and bush reserves and Albany’s commercial and cultural amenities, and the Department of Communities’ Growing Spencer Park renewal has received state funding to progress new social housing, refurbishment of existing public housing and streetscape upgrades including Mokare Park.

Question 2

Is it expensive to live in Spencer Park?

Accepted Answer

In Spencer Park, a typical local household earned about $1,076 a week at the most recent Census. With house rents around $630 a week, renting a house there would take roughly 59% of a typical local household's weekly income, which is a large share of income. For people renting rather than buying, that rent share is the most relevant figure; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Spencer Park a good place to invest?

Accepted Answer

In Spencer Park, house values climbed 30.5% over the past 12 months, while house rents rose 16.7%.

For houses, that means capital growth outpaced growth in rental income during that period, with value gains larger than rent gains.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	30.5%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	10	N/A
Average rent Past 12 months	$630	N/A
Change in rent Past 12 months	16.7%	N/A

	Suburb	WA
Median age years	48	38
Median household income weekly	$1,076	$1,815
Couples with children share of families	29.7%	44.6%
Couples without children share of families	45.9%	38.8%
One-parent families share of families	22.7%	15.1%
Homes owned outright share of homes	32.6%	30.2%
Homes with a mortgage share of homes	27.7%	41.4%
Homes rented share of homes	39.7%	28.3%

Get a property report and suburb profile for any property in Spencer Park

Spencer Park suburb profile

Spencer Park property market performance

5 year median price trend for houses and units

Spencer Park demographics

Suburbs near Spencer Park

How does Spencer Park compare to nearby suburbs?

Choose the right real estate agents in Spencer Park

Get a head start and compare top local agents in Spencer Park

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market