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Williamstown, VIC 3016

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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 Williamstown, VIC 3016 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.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Williamstown, VIC 3016”

  1. The total adult population (15 years or older) of Williamstown 3016 VIC is 11,819, with a median age of 45. Of those, 51.98% are married, 10.97% are divorced or separated, 32.44% are single and 4.59% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $13,048. The median monthly mortgage repayment for households in this suburb is $2,700 which is 20.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the vibrant suburb of Williamstown houses an estimated 7758 households. As we roll into Q3 of 2023, an analysis of the property market statistics reveals some insightful details about the housing situation in this area.

    The typical price for houses in Williamstown is valued at $1,430,933 AUD. These properties generally command a median weekly rent of $706 AUD, yielding an indicative return of 2.57%. This yield, although under the attractive market requirement of 3%, must be viewed understanding the dynamics of the suburb.

    Ranking fairly well on the socio-economic front, Williamstown boasts an IRSAD score of 1107 out of a possible 1217, indicating an economically stable population. Rental properties make up just a quarter of the market, placing the renter to owner ratio at a promising 25%.

    An encouraging statistic for property investors is the suburb’s units to houses ratio of 21%, well below the 50% threshold, suggesting fewer units and therefore lesser competition among landlords.

    In terms of affordability, the suburb has a slightly higher index of 43 years. Although this is above the standard, it reflects the current interest rates, median family income, and the property prices in the area. The underlying dynamics of the neighbourhood can influence this metric, and such, this high value shouldn’t be a deterrent for potential investors.

    Regarding supply metrics, Williamstown presents a favourable market landscape. The stock on market (SoM) Percentage sits at a low 0.17%, well below 1.3%, indicating a low supply. The inventory level, another gauge of supply, sits comfortably at 0.76 months, pointing to a low supply market. The building approvals Ratio, another key indicator of supply, is currently at a meager 0.2% further suggesting a tight supply scenario.

    Demand metrics for the suburb appear strong, with average days on market (DoM) for houses at 27, indicating a high demand. A buoyant demand is again reflected in the vacancy rate that stands at a favourable 1.21%.

    The buy search index hovers around a neutral value of 4, suggesting a moderate online interest in property investment in Williamstown.

    In conclusion, while some metrics, such as indicative yield and affordability snapshot, point to a more challenging market, the majority of other metrics suggest that Williamstown 3016 could be a suburb to watch. This analysis highlights the importance of studying and understanding property data trends in making informed investment decisions or judgements. Notably, HtAG Analytics’ Relative Composite Score (RCS) can automate this research offering an encompassing snapshot of the market leveraging over 80 metrics.

    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.

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