Williamstown

POSTAL CODE: VIC, 3016
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WILLIAMSTOWN, 3016 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 $1,566,000.

Profits due to an downward trend in home prices in the suburb averaged -1.11% per annum over a 3-year period.

WILLIAMSTOWN now ranks at the 567th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WILLIAMSTOWN are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $800 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WILLIAMSTOWN, homes and units usually stay on listing for an average of 75.2 days.

In 2016, 175 properties were sold in WILLIAMSTOWN during the past year, making it the 392nd most active market in VIC based on total real estate transactions.

Surburb overview

Williamstown, bearing the postcode 3016, is a historic suburb located approximately 11 kilometres south-west of Melbourne's Central Business District (CBD).  As per the 2021 census, it has a population of 14,407 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 45.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

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

Williamstown 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 Williamstown, with numerous parks and green spaces available for public use. The picturesque Williamstown Beach provides swimming, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Jawbone Marine Sanctuary offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle. 

Williamstown's blend of urban convenience and community-oriented living makes it desirable for diverse residents. 

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