Suburb Profile Report for Spotswood VIC (3015)

Spotswood House: Median price $925,000, Annual capital growth 8.31%, Number of sales 51, Weekly median advertised rent $490

Spotswood Unit: Median price $562,500, Annual capital growth 9.00%, Number of sales 26, Weekly median advertised rent $455

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$925,000 $562,500
0.00% 4.17%
2.78% 28.77%
8.31% 9.00%
$490 $455
51 26
2.75% 4.21%
52.42 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Spotswood VIC
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
Chart Table
Recent sales & rentals