ABS 2021 Census · Updated 31 March 2026
Spence is a well-established middle-ring suburb of Canberra, Australia, with a population of approximately 2,587, making it a boutique locality. Located approximately 11 km from the Canberra CBD, Spence is a middle ring area in Australian Capital Territory. The median household income is $122,616 AUD per year (ABS 2021 Census).
Spence benefits from a high-income resident base, supporting premium property pricing. Its proximity to the CBD adds a strong location premium.
Map shows Spence, Australian Capital Territory, Australia.
Official Australia Post postcode for Spence. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Spence on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Spence's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links — making them attractive to families and long-term tenants. The median rent of $375/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,120/month. A median household income of $122,616/year supports premium property values and indicates a well-employed resident base. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
With robust local demand and income levels, Spence is a natural candidate for patient investors.
Rental yields in Spence are moderate — screen for properties that offer above-average returns.
The resale market in Spence may not support quick-turnaround renovation projects.
Run the numbers on a Spence property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Spence is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. The rental market in Spence should see steady occupancy, with moderate upward pressure on rents. Confidence in Spence's medium-term prospects is reflected in sustained buyer interest.
Spence is a middle ring area in Australian Capital Territory with a population of 2,587. The median rent is $375/week and the median household income is $122,616/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Spence include established amenities and transport access. 88% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Spence has a population of approximately 2,587. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Spence is approximately 11 km straight-line distance from the Canberra CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.