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 +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, 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.
The current median weekly rent is $580. 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, 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.