EquitySight.app
Free full calculator →
EquitySight.app
Free full calculator →
ABS 2021 Census · Updated 21 May 2026
Spencer Park is a coastal suburb in Western Australia, Australia, with a population of approximately 3,445, making it a boutique locality. Located approximately 389 km from the Perth CBD, Spencer Park is a coastal area in Western Australia. The median household income is $55,952 per year.
Household earnings in Spencer Park are below the state average, which may affect long-term capital growth. Seaside positioning attracts both owner-occupiers and holiday rental demand.
Official Australia Post postcode for Spencer Park. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Spencer Park on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Spencer Park is a smaller community of 3,445 — about 61% of the Western Australia suburb median (5,605) — so investors should factor in the narrower buyer pool and longer average time-on-market. Spencer Park's median household income of $55,952/year is 44% below the Western Australia suburb median ($99,736) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median weekly rent of $290 equates to $1,257/month — about 97% of the median mortgage repayment of $1,300/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Spencer Park is 389 km from Perth, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Coastal markets benefit from lifestyle appeal but require a buffer for higher insurance and occasional weather-driven vacancies. Local rents consume roughly 27% of household income — a useful sanity check on tenant affordability.
How Spencer Park stacks up against the median of all Western Australia suburbs in our dataset. Positive values mean Spencer Park sits above the state median; negative means below.
| Metric | Spencer Park | WA median | Δ vs state |
|---|---|---|---|
| Population | 3,445 | 5,605 | -39% |
| Median household income | $55,952/yr | $99,736/yr | -44% |
| Median rent (weekly) | $290 | $350 | -17% |
| Median mortgage (monthly) | $1,300 | $1,902 | -32% |
| Distance to CBD | 389 km | 20 km | +1845% |
| Separate houses | 77% | 79% | -2pp |
Pre-inspection briefing for Spencer Park — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 44% below the WA median ($55,952 vs $99,736) means liquidity is thin and capital growth tends to lag the wider Western Australia market over full cycles.
Strong rental coverage: $290/week (~$1,257/month) covers 97% of the $1,300/month median mortgage repayment, so the shortfall sits at just $43/month. Investors targeting positive cash flow should shortlist this suburb.
With 77% houses in a 3,445-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Spencer Park property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Spencer Park are modest for 2026 — incomes 44% below the WA median of $99,736 and a population of 3,445 suggest gains will lag headline metro markets. Rental coverage runs at ~97% of the typical mortgage ($1,257/month rent vs $1,300/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 39/100 places Spencer Park in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
Lived in Spencer Park? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.
Spencer Park scores 39/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 3,445, median household income of $55,952/year and median weekly rent of $290. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Spencer Park are a median household income of $55,952/year, a dwelling mix that is 77% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Spencer Park has a usual resident population of approximately 3,445, compared with a Western Australia suburb median of 5,605 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Spencer Park sits 389 km straight-line from the Perth CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $290 in Spencer Park, equating to approximately $15,080/year in gross rental income (state median $350/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Spencer Park is $1,300, or approximately $15,600/year (vs $1,902/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $290 works out to $1,257/month, covering 97% of the median mortgage repayment of $1,300/month. That leaves a $43/month shortfall (around $516/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (3,445 residents), interest-rate sensitivity on the $1,300 median mortgage, below-median household incomes ($55,952 vs $99,736 state median), the broader Western Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.