Spence, ACT 2615
Cotter - NamadgiAll suburbs in postcode 2615
Updated
Median house price
$941,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Spence itself.
Selling in Spence?
Get the free selling guide, personalised to Spence, or ask for a free appraisal from a local agent.
Spence at a glance
- Median unit
- $316,800
- Population
- 2,587
- Median age 38
Prices: ABS statistical area (SA2) median · 2024 · Population: 2021 Census
House prices in Spence
Across the ABS statistical area that takes in Spence, houses changed hands at $941,000 in 2024, in line with the the ACT median. An SA2 can take in surrounding localities, so this can differ from sales in Spence itself. Units come in around $316,800, roughly 66% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $188,000. Prices are in line with the the ACT median, so the broader state lending settings apply.
- Weekly rent (house)
- $420/wk
- Weekly rent (unit)
- $375/wk
Rental data as of April 2026
Free appraisal in Spence
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What to know about Spence
Spence (2615) sits in the Cotter - Namadgi region of the ACT. The median house here is $941,000, in line with the the ACT median of around $950K.
Spence has roughly 2,587 residents, with a typical family-age mix. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Spence scores 12/100 on walkability, which makes it car-dependent with workable public transport options. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 29°C (warm), winter mornings around 1°C (cold). Annual rainfall lands at about 668 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 9 government primary, 3 government secondary, 6 Catholic.
Schools in Spence
Location
Walkability
- Walk
- 12/100
- Transit
- 100/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Spence's population at 2,587, with a median age of 38. That sits as a typical family-age mix. Households are predominantly owner-occupied (78% own, 20% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (76% family households, 21% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 76%
- Lone person
- 21%
- Owner occupied
- 78%
- Renter occupied
- 20%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.32% (median rent $420/wk against a $941,000 price tag). Units yield 6.16% gross, often the better cash-flow play for first-time investors. Renter share is modest (20%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 2.32%
- On the $941,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 6.16%
- On the $316,800 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
58 offences recorded in 2025
Top offence categories
Source: State Police Open Data
Crime data as of December 2025
Weather year-round
- Annual rainfall
- 668 mm
- Hottest month, avg max
- 29.4°C
- Coldest month, avg min
- 0.7°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Spence
- What is the median house price in Spence?
- The median house price for the ABS statistical area (SA2) that takes in Spence, ACT 2615 is $941,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Spence itself. The median unit price is $316,800.
- How much is my house worth in Spence?
- A useful starting point is the Spence median house price of $941,000 (units $316,800). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Spence postcode?
- Spence is in the 2615 postcode, in ACT, in the Cotter - Namadgi region.
- Where is Spence?
- Spence is a suburb in the Cotter - Namadgi area, ACT 2615.
- What is the average rent in Spence?
- The median weekly rent for houses is $420, for units it's $375.
- What schools are in Spence?
- There are 20 schools serving Spence on this page, including Evatt Primary School, Mount Rogers Primary School, Miles Franklin Primary School.
- How walkable is Spence?
- Spence has a Walk Score of 12 out of 100, highly car-dependent. transit score 100, bike score 100.
- What suburbs are near Spence?
- Spence is close to Flynn, Evatt, Melba, Fraser, Mckellar.
- What is the population of Spence?
- The population of Spence is approximately 2,587 (2021 Census). The median age is 38.
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Spence
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.