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.