WILLIAMSTOWN, 3016 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling WILLIAMSTOWN, 3016 values up and netting property investors a capital gain of 21.65% for the past year.
Investors saw the median home price rise to $1,545,000.
Profits due to an upward trend in home prices in the suburb averaged 20.76% per annum over a 3-year period.
WILLIAMSTOWN now ranks at the 40th 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 $625 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 77.8 days.
In 2016, 172 properties were sold in WILLIAMSTOWN during the past year, making it the 508th most active market in VIC based on total real estate transactions.
WILLIAMSTOWN ranks 40th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
WILLIAMSTOWN, 3016 has a capital gain of -1.26% for the past year, which is lower than average compared to its 31.14% growth within a five-year period.
With the median home price in WILLIAMSTOWN sitting at $587,500, and the average rent at $385, property owners could potentially earn a 3.41% increase in gross rental yield.
Property investors have seen a -0.84% drop in WILLIAMSTOWN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WILLIAMSTOWN, 3016 obtained a 5.75% growth over a ten-year period. It ranks 583rd on our list of suburbs that property investors should look into.