AREA REPORTS

Spotswood

Suburb Profile

Spotswood - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3015

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unit

Homeowners and real estate investors betting on SPOTSWOOD, 3015 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.98%.

A steady increase in median property prices over a five-year period in the suburb translates to a 49.53% capital gain.

Property investors in SPOTSWOOD enjoyed capital gains of 11.98% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $1,040,000.

Profits due to an upward trend in home prices there averaged 16.51% per annum over a 3-year period.

Home owners selling their properties and realtors in SPOTSWOOD usually have to wait an average of 85.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $490 mark, reflecting a 2.45% increase in returns based on the current median price in SPOTSWOOD.

SPOTSWOOD, 3015 places 485th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,040,000 $653,500
GROWTH REPORT
Median Quarterly -0.95% -4.6%
Median 12 month 11.98% 18.82%
Median 3 years 49.53% 58.62%
Median 5 years 62.5% 51.62%
10 years average annual 7.25% 7.45%
Weekly media advert. rent $490 $415
Time on Market 85.8 days 0.0 days
Gross Rental Yield Percent 2.45% 3.3%
demographics (median values)
Total Population
2231
Weekly Household Income
1092
Household Size
2.30
demographics
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