Property investors who have had real estate in Williamstown North, 3016 should be relatively 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 9.78%
If we look at median property appreciation over just the last three months, Williamstown North has given property investors a paper return of 0.69%. This puts Suburb as 393 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Williamstown North are currently offering property investors an average price cut of -3.19% below the asking price at the moment.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 2.77%, without taking into account capital value appreciation, which has been averaging out at 8.44%.
If you compare the increase in value of investment property in Williamstown North, 3016 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 -2.38%.
Situated 8.57km from the CBD, Williamstown North is one of Hobsons Bay localities in the postcode 3016.