Williamstown North (postcode 3016) is a small community in Victoria within the Hobsons Bay local government area. With a population of 1,622, the suburb has an established family demographic with a median age of 42. Households earn a median income of $113K per year, with an average household size of 2.3 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 construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Williamstown North is $1.3 million, having ticked up by 1% over the past year. Units have a median price of $770,000 (-10.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,383.
Public transport access includes 6 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
Looking at the investment signals, Williamstown North shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +1.0% 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.