Suburb Profile Report for Spotswood VIC (3015)

Spotswood House: Median price $918,500, Annual capital growth 9.66%, Number of sales 44, Weekly median advertised rent $450

Spotswood Unit: Median price $440,000, Annual capital growth 4.50%, Number of sales 13, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Spotswood, 3015 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.86%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Spotswood has increased when compared to the 5 year average annual rate.

The most recent median price for Spotswood is $918500, with sellers offering an average of -1.30% off the asking price.

With a capital gain of -18.52% for the last 12 months, Spotswood, 3015 has performed for property investments than its average annual 4.50% property growth over the last 5 years.

Comparing Spotswood,3015 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

With the median price for a house in Spotswood being $440000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 4.64%

HOUSE UNIT
$918,500 $440,000
2.06% 3.29%
16.86% -18.52%
9.66% 4.50%
$450 $393
44 13
2.55% 4.64%
51.27 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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