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 $1,190,000.
The upward trend in home prices in WILLIAMSTOWN NORTH, 3016 averaged 16.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $475 mark, reflecting a 2.08% increase in returns based on the current median price in WILLIAMSTOWN NORTH.
An average of 0.92 real estate transactions take place per month in WILLIAMSTOWN NORTH which translates to 11 per annum.
11 properties were sold in WILLIAMSTOWN NORTH in 2016, making it the 698th most active market in VIC based on total real estate transactions.
WILLIAMSTOWN NORTH, 3016 places 510th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.8%||1.83%|
|Median 3 years||50.25%||1.83%|
|Median 5 years||75%||34.71%|
|10 years average annual||9.87%||13.38%|
|Weekly media advert. rent||$475||$340|
|Time on Market||68.9 days||0.0 days|
|Gross Rental Yield Percent||2.08%||3.19%|