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.

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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.

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Capital Growth Heatmap

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

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

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Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

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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.

Suburbs/localities in this Local Government Area: Newport 3015, Seabrook 3028, Seaholme 3018, South Kingsville 3015, Spotswood 3015, Williamstown 3016, Williamstown North 3016, Altona 3018, Altona Meadows 3028, Altona North 3025

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