Suburb Profile Report for Spotswood VIC (3015)

Spotswood House: Median price $908,750, Annual capital growth 9.50%, Number of sales 46, Weekly median advertised rent $465

Spotswood Unit: Median price $540,000, Annual capital growth 8.96%, Number of sales 24, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.97% for the last 12 months, Spotswood, 3015 has performed for property investments than its average annual 9.50% property growth over the last 5 years.

Across a shorter period, Spotswood, 3015 has seen a median price increase of -1.76% over the last quarter.

Property investors looking for a bargain in Spotswood should be aiming for at least -3.13% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Spotswood have been waiting around 48.7 days to sell a property.

Advertised rents are around the $465 mark per week – giving a return of 2.66% based on the median price in Suburb

Investment property in Spotswood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.27%

Over the longer term, Spotswood has seen property prices show investors a 12.03% return over the last 3 years. This is worse than over the last 12 months

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 8.96%, investors should hope to achieve an overall return of 4.04%

Metrics i HOUSE UNIT
$908,750 $540,000
-1.76% 2.27%
0.97% 2.27%
9.50% 8.96%
$465 $420
46 24
2.66% 4.04%
48.7 N/A

Source: CoreLogic

DSR Score for property investment : Good (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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Recent sales & rentals