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Williamstown North

POSTAL CODE: VIC, 3016
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

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 $1,305,000.

The downward trend in home prices in WILLIAMSTOWN NORTH, 3016 averaged -0.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $720 mark, reflecting a 2.87% increase in returns based on the current median price in WILLIAMSTOWN NORTH.

An average of 2.17 real estate transactions take place per month in WILLIAMSTOWN NORTH which translates to 26 per annum.

26 properties were sold in WILLIAMSTOWN NORTH in 2016, making it the 392nd most active market in VIC based on total real estate transactions.

WILLIAMSTOWN NORTH, 3016 places 598th in Australia based on median property value growth during the quarter.

Surburb overview

Williamstown North, bearing the postcode 3016, is a suburb situated approximately 11 kilometres south-west of Melbourne's Central Business District (CBD).  According to the 2021 census, it has a population of 1,622 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 42.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

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

Williamstown North 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 North, with numerous parks and green spaces available for public use. The picturesque Newport Lakes Reserve provides walking, 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 North's blend of urban convenience and community-oriented living makes it desirable for many residents. 

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