Suburb Profile Report for Spotswood VIC (3015)

Spotswood House: Median price $900,000, Annual capital growth 9.61%, Number of sales 40, Weekly median advertised rent $450

Spotswood Unit: Median price $426,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $340

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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 22.87%.

Taking the average capital gain, or increase in median house value, Spotswood,3015 has racked up an average of 22.87% over the period. This ranks it number 870th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Spotswood itself are offering an average vendor discount of -1.30% to real estate investors.

Advertised rents are around the $450 mark per week – giving a return of 2.60% based on the median price in Suburb

Situated 7.46km from the CBD, Spotswood is one of Hobsons Bay localities in the postcode 3015.

HOUSE UNIT
$900,000 $426,000
0.00% N/A
22.87% N/A
9.61% N/A
$450 $340
40 11
2.60% 4.15%
45.61 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2338
Median household income ($/weekly) 1502
Median age of persons 37
Median housing loan repayment ($/monthly) 2300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 179 7.7
    25-34 years 441 18.9
    35-44 years 445 19.0
    45-54 years 290 12.4
    55-64 years 254 10.9
    Others 730 31.2
    Age Group
    Census Count Percent(%)
    Not Married 835 45.1
    Registered Married 780 42.1
    Defacto Relationship 238 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1607 72.0
    Japan 60 2.7
    Papua New Guinea 57 2.6
    United Kingdom 102 4.6
    Other 85 3.8
    Others 320 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.7
    Christianity 1330 61.9
    Hinduism 42 2.0
    Islam 41 1.9
    No Religion 668 31.1
    Others 33 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 9.0
    $1,000-$1,249 79 9.1
    $1,500-$1,999 120 13.9
    $2,000-$2,499 88 10.2
    $2,500-$2,999 80 9.2
    Others 421 48.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 849 44.7
    Not in the labour force 557 29.3
    Employed, worked part-time 348 18.3
    Employed, away from work 76 4.0
    Unemployed, looking for work 71 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 14.6
    Professionals 324 25.5
    Technicians & trades workers 156 12.3
    Community & personal service workers 112 8.8
    Clerical & administrative workers 194 15.3
    Others 300 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 34 7.6
    Infants/Primary 116 25.9
    Secondary 111 24.8
    Technical or Further Educational Institution 45 10.0
    University or other Tertiary Institutions 123 27.5
    Others 19 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1714 77.3
    Semi-detached, row or terrace house, townhouse 400 18.1
    Flat, unit or apartment 71 3.2
    House or flat attached to a shop, office 31 1.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 331 35.7
    Fully owned 305 32.9
    Rented 287 31.0
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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