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AREA REPORTS

Williamstown

Williamstown - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3016

house
unit

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 2.81% for the past year.

Investors saw the median home price rise to $1,370,000.

Profits due to an downward trend in home prices in the suburb averaged -2.05% per annum over a 3-year period.

WILLIAMSTOWN now ranks at the 684th 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 $630 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 70.0 days.

In 2016, 117 properties were sold in WILLIAMSTOWN during the past year, making it the 681st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,370,000 $678,000
GROWTH REPORT
Median Quarterly 0.37% 1.19%
Median 12 month 2.81% -0.66%
Median 3 years -6.16% 14.43%
Median 5 years 23.15% 18.84%
10 years average annual 4.78% 4.4%
Weekly media advert. rent $630 $450
Time on Market 70.0 days 93.1 days
Gross Rental Yield Percent 2.39% 3.45%
demographics (median values)
Total Population
12729
Weekly Household Income
1330
Household Size
2.50
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