If you compare the increase in value of investment property in Spotswood, 3015 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.78%.
Across a shorter period, Spotswood, 3015 has seen a median price increase of 0.00% over the last quarter.
Sellers are offering property buyers an average discount of -3.00% to buyers in Spotswood at the moment, which is less than average for the rest of VIC.
The VIC suburb of Spotswood, 3015 is in the Hobsons Bay local government area.
Spotswood is in the TOP 10% in VIC when comparing median price capital growth over the last year. Spotswood gave property investors a very good capital gain figure when compared to the rest of the state, with 28.77%.
If we look at median property appreciation over just the last three months, Spotswood has given property investors a paper return of 4.17%. This puts Suburb as 103 on a list of fastest fasting appreciating suburbs in VIC
In the last year 26 properties changed hands in Spotswood, which puts it as the 270th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5460 per annum or $455 every week.