Suburb Profile Report for Williamstown VIC (3016)

Williamstown House: Median price $1,327,500, Annual capital growth 5.26%, Number of sales 158, Weekly median advertised rent $670

Williamstown Unit: Median price $654,500, Annual capital growth 6.20%, Number of sales 53, Weekly median advertised rent $465

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Williamstown, 3016 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.17%

The five-year average increase in median property values for Williamstown,3016 has given property investors a potential capital gain of 33.96% across each of those five years.

Our latest figures would indicate that property sellers in Williamstown are currently offering property investors an average price cut of -6.01% below the asking price at the moment.

Often selling an investment property can take time, and in Williamstown the average time real estate has been on the market is 79.7973 days.

Situated 8.08km from the CBD, Williamstown is one of Hobsons Bay (C) localities in the postcode 3016.

VIC has seen average median house prices change by 6.11% which means that Williamstown, 3016 has done well for property investors by showing a capital gain of -0.76% over the last year

Taking the average capital gain, or increase in median house value, Williamstown,3016 has racked up an average of -0.76% over the period. This ranks it number 503th in the whole country for real estate investors looking at median house price increases.

At number 57th of VIC’s most discounted properties, Williamstown is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Williamstown have been waiting around 104.355 days to sell a property.

The VIC suburb of Williamstown, 3016 is in the Hobsons Bay (C) local government area.

Metrics i HOUSE UNIT
$1,327,500 $654,500
-0.38% -1.58%
-7.17% -0.76%
5.26% 6.20%
$670 $465
158 53
2.62% 3.69%
79.7972972972973 104.354838709677

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 13202
Median household income ($/weekly) 1792
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1879 14.2
    25-34 years 1174 8.9
    35-44 years 2076 15.7
    45-54 years 2384 18.1
    55-64 years 1652 12.5
    Others 4037 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 5092 52.7
    Not Married 3774 39.0
    Defacto Relationship 804 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9897 78.4
    Japan 137 1.1
    Papua New Guinea 207 1.6
    United Kingdom 875 6.9
    Other 391 3.1
    Others 1117 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 160 1.3
    Christianity 7941 65.6
    Hinduism 83 0.7
    Islam 106 0.9
    No Religion 3754 31.0
    Others 68 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 484 11.0
    $2,000-$2,499 364 8.3
    $2,500-$2,999 613 13.9
    $3,000-$3,499 403 9.1
    $4,000 or more 411 9.3
    Others 2136 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4159 41.4
    Not in the labour force 3104 30.9
    Employed, worked part-time 2145 21.4
    Employed, away from work 349 3.5
    Unemployed, looking for work 283 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1270 19.1
    Professionals 2229 33.5
    Technicians & trades workers 624 9.4
    Clerical & administrative workers 1001 15.1
    Sales 521 7.8
    Others 1006 15.1
    Occupation
    Census Count Percent(%)
    Pre-school 277 8.0
    Infants/Primary 1188 34.2
    Secondary 1027 29.6
    Technical or Further Educational Institution 196 5.7
    University or other Tertiary Institutions 686 19.8
    Others 95 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8873 71.3
    Semi-detached, row or terrace house, townhouse 2319 18.6
    Flat, unit or apartment 1191 9.6
    House or flat attached to a shop, office 63 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1821 38.0
    Being purchased 1654 34.5
    Rented 1287 26.9
    Other tenure type 29 0.6
    Tenure Type
Census 2011, ABS
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