Located in Victoria within the Hobsons Bay local government area, Williamstown is an established suburb (postcode 3016). The area has roughly 14,407 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $125K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Williamstown stand at $1.6 million, having softened modestly by 0.5% over the last twelve months. Units have a median price of $808,000 (+14.1% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 2.2%. 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.
On the investment side, The gross rental yield works out to roughly 2.2%, which reads 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. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.