AREA REPORTS

Williamstown North

VIC/
Williamstown north

Suburb Profile

Williamstown North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3016

house
unit

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 $920,000.

The upward trend in home prices in WILLIAMSTOWN NORTH, 3016 averaged 5.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $480 mark, reflecting a 2.71% increase in returns based on the current median price in WILLIAMSTOWN NORTH.

An average of 1.42 real estate transactions take place per month in WILLIAMSTOWN NORTH which translates to 17 per annum.

17 properties were sold in WILLIAMSTOWN NORTH in 2016, making it the 520th most active market in VIC based on total real estate transactions.

WILLIAMSTOWN NORTH, 3016 places 524th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $920,000 $602,500
GROWTH REPORT
Median Quarterly -1.71% 2.12%
Median 12 month -21.7% 26.18%
Median 3 years 17.2% 14.76%
Median 5 years 24.83% 20.5%
10 years average annual 7.01% 7.52%
Weekly media advert. rent $480 $347.5
Time on Market 79.4 days 0.0 days
Gross Rental Yield Percent 2.71% 3%
demographics (median values)
Total Population
1429
Weekly Household Income
910.3
Household Size
2.10
demographics
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