Question 1

Is Spencer Park a nice place to live?

Accepted Answer

Spencer Park is an established residential suburb on Albany’s eastern edge, lined with mature trees and a mix of mid-century single-storey homes and newer infill on modest blocks. It’s popular with families and retirees. The community has 3,445 people, a median age of 48 and a typical household income of $1,076 a week, and around three in five homes are owner-occupied with the remainder rented.

Everyday needs are met by local shops and recreational spaces, while larger retail and services are in Albany’s centre. The suburb has straightforward road links and easy access to coastal attractions and regional parks. Several community projects are under way or planned, including a Department of Communities renewal project funded at $4 million for social housing and streetscape upgrades, a cleared 51-unit site identified for housing, a $12 million upgrade to the Spencer Park Education Support Centre, and a planned Health Campus expansion to add a 32-bed ward. Whether Spencer Park suits you will come down to what you want in a neighbourhood.

Question 2

Is it expensive to live in Spencer Park?

Accepted Answer

A house rented at $625 a week in Spencer Park would use roughly 58% of a typical local household's weekly income as recorded at the most recent Census, which was $1,076 a week. On that measure, renting a house here would take a large share of a typical local household's income at the last Census.

If you're looking to rent rather than buy, that rent share is the number that matters; whether it 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

House values in Spencer Park climbed 34.6% over the past 12 months, a strong rise, and house rents also rose strongly, up 15.7% over the same period. For someone weighing Spencer Park as an investment, the figures point to notable capital growth alongside meaningful rental growth this year, with price growth outpacing rent growth on the house side.

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	34.6%	N/A
Sold Past 3 months	9	2
Median days on market Past 12 months	10	N/A
Average rent Past 12 months	$625	N/A
Change in rent Past 12 months	15.7%	N/A

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