Investment property in Williamstown has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.85%
Across a shorter period, Williamstown, 3016 has seen a median price increase of 0.75% over the last quarter.
Sellers are offering property buyers an average discount of -7.52% to buyers in Williamstown at the moment, which is less than average for the rest of VIC.
At number 2570 in a list of fastest selling suburbs, Williamstown is in the bottom 40% of suburbs in Australia with an average of days on market 75.3676 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 5.00%, investors should hope to achieve an overall return of 2.39%
With a capital gain of -4.29% for the last 12 months, Williamstown, 3016 has performed for property investments than its average annual 2.47% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Williamstown,3016 has racked up an average of -4.29% over the period. This ranks it number 661th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Williamstown are currently offering property investors an average price cut of -4.81% below the asking price at the moment.
Using the current median advertised rental of $427.5 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 3.32%