Spencer is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2775). With a population of 288, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 2 people. The most common occupations are labourers, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Spencer is $620,000, having surged 34.8% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,395.
Public transport access includes 6 ferry wharfves, 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Spencer offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($620K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +34.8% year-on-year.
Spencer is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2775). With a population of 288, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 2 people. The most common occupations are labourers, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Spencer is $620,000, having surged 34.8% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,395.
Public transport access includes 6 ferry wharfves, 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Spencer offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($620K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +34.8% year-on-year.