Located in Western Australia within the Albany local government area, Spencer Park is a smaller suburb (postcode 6330). With a population of 3,445, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $56K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Spencer Park stand at $720,000, having risen steeply by 29.7% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,300.
Spencer Park is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 934, which is below the national average of 1,000. Public transport access includes 13 bus stops. Healthcare facilities include 1 public and 1 private hospitals.
From an investment perspective, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices are near the state median ($720K/$1.0M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +29.7% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.