9 Hancock Street

Spence ACT 2615

The size of Spence is approximately 1.5 square kilometres. It has 11 parks covering nearly 17.3% of total area. The population of Spence in 2011 was 2,559 people. By 2016 the population was 2,585 showing a population growth of 1.0% in the area during that time. The predominant age group in Spence is 30-39 years. Households in Spence are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spence work in a professional occupation. In 2011, 78.3% of the homes in Spence were owner-occupied compared with 76.9% in 2016.

Spence has 1,040 properties. Over the last 5 years, Houses in Spence have seen a 40.94% increase in median value, while Units have seen a 50.18% increase. As at 31 January 2025:

• The median value for Houses in Spence is $808,415 while the median value for Units is $557,959.
• Houses have a median rent of $575.