Spotswood is a smaller suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 2,820, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $128K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Spotswood is $1.1 million, having risen modestly 1.8% over the past year. Units have a median price of $715,000 (-7.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Spotswood is served by 2 schools, including 2 primary. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 rail station, 15 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Spotswood offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +1.8% year-on-year.
Spotswood is a smaller suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 2,820, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $128K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Spotswood is $1.1 million, having risen modestly 1.8% over the past year. Units have a median price of $715,000 (-7.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Spotswood is served by 2 schools, including 2 primary. The average ICSEA score is 1120, which is well above the national average of 1,000. Public transport access includes 1 rail station, 15 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Spotswood offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +1.8% year-on-year.