Suburb Profile Report for Williamstown VIC (3016)

Williamstown House: Median price $1,415,500, Annual capital growth 5.00%, Number of sales 160, Weekly median advertised rent $650

Williamstown Unit: Median price $670,000, Annual capital growth 2.47%, Number of sales 40, Weekly median advertised rent $428

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

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,415,500 $670,000
0.75% 0.00%
4.85% -4.29%
5.00% 2.47%
$650 $428
160 40
2.39% 3.32%
75.3676470588235 79.3333333333333

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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