Spence vs Mckellar
Spence (median $941,000) is roughly 11% cheaper to buy into than Mckellar ($1,057,500).
Buying in Spence or Mckellar?
Selling in Spence? The free selling guide
Spence and Mckellar side by side
| Measure | Spence | Mckellar |
|---|---|---|
| Price and market | ||
| Median house | $941,000 | $1,057,500 |
| Median unit | $316,800 | $308,880 |
| Renting | ||
| House rent | $420/wk | $440/wk |
| Unit rent | $375/wk | $438/wk |
| Owner occupied | 78.0% | 80.0% |
| Renter occupied | 20.0% | 19.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1057 | 1077 |
| Lifestyle and people | ||
| Walk score | 12 | 20 |
| Transit score | 100 | 100 |
| Bike score | 100 | 100 |
| Population | 2,587 | 2,740 |
| Median age | 38 | 43 |
| Climate | ||
| Annual rainfall | 668 mm | 646 mm |
| Mean max, January | 29.4°C | 29.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Mckellar scores higher on walkability (12/100 vs 20/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Mckellar (1077) sits above Spence (1057).
- For buyers
- Spence is the lower entry point at $941,000 median, 11% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Spence offers the higher gross rental yield (2.32% vs 2.16%), favouring cash-flow investors.
- For families
- Mckellar edges out on average school ICSEA (1077 vs 1057).
Spence vs Mckellar: common questions
Is Spence or Mckellar cheaper to buy in?
Spence has the lower median house price at $941,000, roughly 11% below Mckellar ($1,057,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Spence or Mckellar have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mckellar scores 1077 vs 1057 in Spence. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Spence or Mckellar?
Mckellar scores 20/100 on walkability vs 12/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Spence or Mckellar?
Gross rental yield on houses is 2.32% in Spence vs 2.16% in Mckellar. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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