Suburb Profile Report for Williamstown North VIC (3016)

Williamstown North House: Median price $1,195,000, Annual capital growth 10.23%, Number of sales 17, Weekly median advertised rent $483

Williamstown North Unit: Median price $447,500, Annual capital growth -2.29%, Number of sales 14, Weekly median advertised rent $330

  • 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 Williamstown North, 3016 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 35.64%

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

At number 1009 in a list of fastest selling suburbs, Williamstown North is in the TOP 30% of suburbs in Australia with an average of days on market 55.28 for properties listed there.

Property value increases in Williamstown North have tracked lower than the VIC average of 5.66% over the last 12 months.

Over the longer term, Williamstown North has seen property prices show investors a -18.22% return over the last 3 years. This is an improvement over the last 12 months

With the median price for a house in Williamstown North being $447500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.83%

Metrics i HOUSE UNIT
$1,195,000 $447,500
N/A -2.72%
35.64% -18.12%
10.23% -2.29%
$483 $330
17 14
2.10% 3.83%
55.28 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1543
Median household income ($/weekly) 1073
Median age of persons 41
Median housing loan repayment ($/monthly) 1997
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 194 12.6
    25-34 years 190 12.3
    35-44 years 232 15.0
    45-54 years 265 17.2
    55-64 years 184 11.9
    Others 479 31.0
    Age Group
    Census Count Percent(%)
    Not Married 587 50.2
    Registered Married 461 39.4
    Defacto Relationship 121 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1079 72.4
    Indonesia 29 1.9
    Papua New Guinea 32 2.1
    United Kingdom 119 8.0
    Other 66 4.4
    Others 166 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 2.5
    Christianity 884 62.6
    Hinduism 27 1.9
    Islam 27 1.9
    No Religion 429 30.4
    Others 10 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 58 9.8
    $400-$599 48 8.1
    $600-$799 56 9.5
    $1,500-$1,999 60 10.2
    $2,500-$2,999 48 8.1
    Others 320 54.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 481 38.5
    Not in the labour force 452 36.2
    Employed, worked part-time 204 16.3
    Unemployed, looking for work 58 4.6
    Employed, away from work 55 4.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 111 15.1
    Professionals 184 25.0
    Technicians & trades workers 91 12.4
    Community & personal service workers 76 10.3
    Clerical & administrative workers 115 15.6
    Others 158 21.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 134 35.0
    Secondary 93 24.3
    Technical or Further Educational Institution 38 9.9
    University or other Tertiary Institutions 79 20.6
    Other type of educational institution 20 5.2
    Others 19 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 655 45.7
    Semi-detached, row or terrace house, townhouse 479 33.4
    Flat, unit or apartment 180 12.6
    Caravan, cabin, houseboat 104 7.3
    House or flat attached to a shop, office 11 0.8
    Others 3 0.2
    Dwelling Structure
    Census Count Percent(%)
    Rented 255 40.5
    Fully owned 187 29.7
    Being purchased 182 28.9
    Other tenure type 5 0.8
    Tenure Type
Census 2011, ABS
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