Fraud Blocker

Hobsons Bay City, VIC

Home » VIC Real Estate Data » Hobsons Bay City, VIC

The City of Hobsons Bay is a local government area in the Australian capital of Melbourne. Property prices have been increasing gradually over the past few years, and the real estate market is predicted to continue to grow steadily in the near future. The city is a popular destination for home buyers due to its affordable prices, excellent transport links, and abundance of recreational facilities.

Show More

It was formed on 22 June 1994 as a result of the state government’s merging of local councils from the cities of Williamstown and Altona, as well as the suburb of South Kingsville from the city of Footscray. It was named after Captain William Hobson.

The economy of Hobsons Bay City is based on manufacturing, trade, and services. The city is a major manufacturing centre for Victoria, with a large number of factories and industrial areas.

Professionals account for 24.7 % of employment in Hobsons Bay, followed by Clerical and Administrative Workers at 14.4 %, Managers at 14.3 %, Technicians and Trades Workers at 12.4 %, and Community and Personal Service Workers at 9.4 %. The typical weekly personal income for Hobsons Bay residents aged 15 years and older is $704.

Hobsons Bay City is a mix of residential and commercial areas. There are houses, apartments, and businesses located throughout the city. The prices of real estate vary depending on the location. In Hobsons Bay, 66.0 % of occupied private residences are detached houses, 26.3 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 7.0 % are flats or apartments, and 0.4 % are other dwellings.

If you’re looking to invest in property in Hobsons Bay City, your best bet is to focus on neighbourhoods that are seeing strong economic growth and redevelopment. There are a number of up-and-coming suburbs in the city that offer great potential for property investors, including.

Discover these neighbourhoods using the interactive dashboard below. In general, several suburbs offer affordable prices and plenty of potential for capital growth in the future.

Show Less



Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in Hobsons Bay City, VIC

What other property markets are there near Hobsons Bay City, VIC?

Hobsons Bay City is surrounded by 4 other council areas – Melbourne, Wyndham, Brimbank, Maribyrnong.

How many people live in Hobsons Bay City, VIC?

There are approximately 89000 people living in roughly 37000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Hobsons Bay City, VIC?

Notable infrastructure projects include Melbourne Water Upgrade to Williamstown Sewer Network, Level Crossing Removal Project, West Gate Tunnel Project, Queen Street Bridge Rehabilitation, Gem Pier, Williamstown Maritime Precinct Framework.

What major retailers are there in Hobsons Bay City, VIC?

The main retail centres are Millers Junction, Masks for Change, Ozmosis Altona Gate, THRD Label, The Reject Shop.

What is the main industry in Hobsons Bay City, VIC?

Such sectors as Arts and Recreation Services, Education and Training, Professional, Scientific and Technical Services, Transport, Postal and Warehousing, Retail Trade, Construction, Manufacturing make up the largest part of the employment.

What are the dominant demographic groups in Hobsons Bay City, VIC?

Among approximately 89000 people in Hobsons Bay Shire males and females make roughly 49% and 51% respectively. The median age of people is 38 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in Hobsons Bay City, VIC?

Among approximately 45000 people employed, roughly 60% work full-time, 29% work part-time, and an estimated 7% are unemployed.

2 thoughts on “Hobsons Bay City, VIC”

Leave a comment