Regional WA · Albany
Spencer Park is a convenient and established suburb just two kilometres from Albany's CBD. Known for its community feel, it attracts families and retirees with its mix of housing, proximity to the Albany Health Campus, and local amenities. The suburb offers a balanced lifestyle with green spaces like Mokare Park and easy access to the broader attractions of the Great Southern region.
Last reviewed 14 May 2026
Market snapshot
Estimate, not an official figure · May 2026
Median house
$600,000 - $800,000
Mid-band $700Kspread 29%
Median unit
$375,000 - $500,000
Mid-band $438Kspread 29%
Rental yield
4.1% to 5.1%
Gross yield on house stock. Premium suburbs compress.
Who buys here
First home buyers · Young families · Healthcare professionals
Price growth for Spencer Park is not shown. We have no official sales figures for this suburb to measure it from.
Market analysis
Figures in this analysis are estimates an AI research tool gathered from public websites in May 2026, not official records.
The Spencer Park property market has experienced a period of extraordinary growth, positioning it as a standout performer in the Albany region.
Driving this activity is a clear imbalance between supply and demand. The median weekly rent for houses sits around $600.
The suburb's appeal is multifaceted. Its strategic location, just two kilometres from Albany's CBD and adjacent to the Albany Health Campus, makes it a hub for healthcare professionals and those seeking convenient city access. The suburb's demographic mix, including a significant number of established households and retirees, provides a stable foundation for the community and the property market.
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Why a buyers agent
An agent understands the subtle value differences between a home in the Breaksea Estate versus one in the Woodrise Estate, and can identify which properties are priced for a quick sale versus those with inflated expectations. They can navigate the intense competition, crafting offers that stand out for the right reasons, not just the price.
The suburb is equipped with its own primary school, a private college, parks, and local shops, making it an ideal and self-contained community for families.
Compare
| Metric | This suburbSpencer Park | NearbyAlbany | NearbyYakamia |
|---|---|---|---|
| Median house | $600,000 - $800,000 | $900,000 - $1.20M | $625,000 - $850,000 |
| Median unit | $375,000 - $500,000 | $700,000 - $950,000 | $450,000 - $625,000 |
| Rental yield | 4.1% to 5.1% | 3.0% to 4.0% | 4.0% to 5.0% |
| Postcode | 6330 | 6330 | 6330 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Spencer Park is a well-established suburb located just 2 kilometres north-east of the Albany city centre, offering residents a blend of convenience and community. The suburb was gazetted in 1954 and named after Sir Richard Spencer, Albany's first Government Resident. Its character is defined by a mix of traditional and modern homes on generous blocks, with leafy streets and a family-friendly atmosphere.
Education is well-catered for, with several schools located directly within the suburb, including Spencer Park Primary School, Spencer Park Education Support Centre, and the private St Joseph's College. This makes it a popular choice for families.
For shopping and daily needs, the Spencer Park Shopping Centre provides local convenience with a supermarket and specialty stores. Public transport is accessible, with TransAlbany bus routes connecting the suburb to the Albany CBD and surrounding areas. The suburb's proximity to major arterial roads like North Road and Ulster Road ensures easy car travel.
Recreational opportunities are abundant, with five parks covering over 4% of the suburb's area, including the popular Mokare Park. A significant local amenity is the Albany Health Campus, a major regional hospital located on the suburb's edge, making Spencer Park a prime location for healthcare workers. This combination of essential services, educational facilities, and community infrastructure underpins its appeal as a practical and pleasant place to live.
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Editorial review: 14 May 2026.
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