Fraud Blocker

Spotswood, VIC 3015

Home » VIC Real Estate Data » Hobsons Bay City, VIC » Spotswood, VIC 3015

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Spotswood, VIC 3015 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to 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.

0 thoughts on “Spotswood, VIC 3015”

  1. The total adult population (15 years or older) of Spotswood 3015 VIC is 2,229, with a median age of 37. Of those, 45.90% are married, 10.81% are divorced or separated, 40.33% are single and 3.05% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $12,228. The median monthly mortgage repayment for households in this suburb is $2,300 which is 18.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the vibrant state of Victoria, the suburb of Spotswood (postcode 3015) is a captivating destination for property investors, with approximately 1844 households. Reflecting the real estate market landscape as of Q3 2023, typical house prices in Spotswood hover around the $1,190,474 mark. These properties demand a median weekly rent of $613, calculating to an indicative yield of 2.68%.

    This neighbourhood boasts a socio-economic score of 1095 out of 1217, suggesting a prosperous population with strong access to financial resources. A renter to owner ratio of 32% exists here. This falls neatly within an acceptable range, ensuring that the suburb preserves an agreeable ‘vibe’ while steering clear from the potential drawbacks of rental market saturation.

    Favourably, the units to houses ratio in this area is just 13%, lessening competition among landlords for tenants, thereby helping maintain strong rental yields. This is also indicative of a preference for houses, attracting a wider demographic of longer-term tenants.

    However, potential investors must be mindful of the affordability index for houses, which sits at 38 years here. This exceeds the standard 30-year mortgage, indicating a lowered affordability for residents.

    On the supply front, Spotswood shows promise with a low stock on market percentage of 0.27% and a building approvals ratio of 0.67%, ensuring an under-supplied property market. The inventory levels for houses reside at 2.09 months, signifying a favourable low supply market too.

    Additionally, the suburb experiences a low average of 24 days on the market for houses, an alluring indication of a high demand market. The vacancy rate, combining the percentages for houses and units, is a neutral 1.52%, much to the delight of investors.

    However, the buy search index for houses stands at 3, falling into a neutral demand category.

    As we navigated through Spotswood’s property market statistics, we saw favorable indications concerning supply and demand. Still, it is paramount to analytically assess these individual metrics in conjunction with the larger market trends, regulatory changes and future outlook. Encompassing over 80 metrics, the Relative Composite Score (RCS) metric developed by HtAG Analytics can significantly streamline this examination process.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment