Williamstown is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3016). With a population of 14,407, the suburb has a mature demographic with a median age of 45. Households earn a median income of $125K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Williamstown is $1.6 million, having dipped slightly 0.5% over the past year. Units have a median price of $708,000 (-5.4% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,700.
Williamstown is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Williamstown offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -0.5% year-on-year.
Williamstown is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3016). With a population of 14,407, the suburb has a mature demographic with a median age of 45. Households earn a median income of $125K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Williamstown is $1.6 million, having dipped slightly 0.5% over the past year. Units have a median price of $708,000 (-5.4% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,700.
Williamstown is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Williamstown offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -0.5% year-on-year.