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Spotswood

POSTAL CODE: VIC, 3015
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A steady increase in median property prices over a five-year period in the suburb translates to a -3.73% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,162,500.

Profits due to an downward trend in home prices there averaged -1.24% per annum over a 3-year period.

Home owners selling their properties and realtors in SPOTSWOOD usually have to wait an average of 66.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $680 mark, reflecting a 3.04% increase in returns based on the current median price in SPOTSWOOD.

SPOTSWOOD, 3015 places 638th in Australia based on median property value growth during the quarter.

Surburb overview

Spotswood, postcode 3015, is an inner-city suburb located approximately 7 kilometres southwest of Melbourne's Central Business District (CBD).  According to the 2021 census, it has a population of 2,820 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 36.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in Spotswood is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by the Spotswood railway station on the Werribee and Williamstown lines, facilitating easy travel to and from the CBD and surrounding areas.  Additionally, several bus routes operate through Spotswood, providing further connectivity options. 

Spotswood has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in Spotswood, with numerous parks and green spaces available for public use. The picturesque Westgate Park provides walking, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Yarra River offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle. 

Spotswood's blend of urban convenience and community-oriented living makes it a desirable location for a diverse range of residents. 

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