Williamstown North is a small community in Victoria within the Hobsons Bay local government area (postcode 3016). With a population of 1,622, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Williamstown North is $1.3 million, having risen modestly 1% over the past year. Units have a median price of $860,000 (+10.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. 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.
From an investment perspective, Williamstown North offers a gross rental yield of 2.0%, 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.
Williamstown North is a small community in Victoria within the Hobsons Bay local government area (postcode 3016). With a population of 1,622, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Williamstown North is $1.3 million, having risen modestly 1% over the past year. Units have a median price of $860,000 (+10.3% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. 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.
From an investment perspective, Williamstown North offers a gross rental yield of 2.0%, 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.