spotswood

3015, Victoria

Real Estate & Property Information

Median
Price Rank
166

spotswood Suburb Profile & Review

Spotswood is an inner-western suburb bounded by the Yarra River. The area is largely industrial, though its residential pockets are popular due to their proximity to the city centre. Residents are minutes away from Williamstown's trendy cafes and Yarraville's shopping facilities. Spotswood is perhaps most well-known as the setting of the 1992 comedy film of the same name, starring Anthony Hopkins and Toni Collette.

Families with children enjoy visiting Scienceworks, a world renowned science museum on Booker Street. They have the option to send their children to either Spotswood Primary School or St Margaret Mary's Primary School. Along Hudsons Road there is a small but convenient shopping strip featuring an IGA supermarket, a collection of takeaway shops, and quaint brunch spots such as Duchess of Spotswood. For sports, Donald McLean Reserve hosts the Spotswood Cricket Club, and golfers practice their swing at the Westgate Golf Club. The Artz Collective Performing Arts School offers dancing, acting and singing lessons for aspiring young performers

Trains run from Spotswood Station on the Werribee and Williamstown lines and connect with the City Loop within minutes. The West Gate Freeway borders the area, allowing residents to travel to the city in fifteen minutes.

spotswood Demographic Data

$ 605,000 Median House Price

15 Minutes Average Commute

37 Median Age

2,339 Population

49.98 % Female

50.02 % Male

641 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in spotswood, Victoria.

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spotswood Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

spotswood Median House Prices

  • 2008 $ 501,000
  • 2009 $ 495,000
  • 2010 $ 509,000
  • 2011 $ 635,000
  • 2012 $ 605,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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spotswood 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in spotswood have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term spotswood property price predictions.

spotswood Market Property Types

  • 74 % Seperate House
  • 20 % Semi Detached
  • 4 % Flat or Unit
  • 2 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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spotswood Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

spotswood Income & Mortgage Stats

  • $ 1,502 Median Weekly Household Income
  • $ 2,300 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in spotswood

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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spotswood Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

spotswood Sold Property Prices

spotswood Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

spotswood Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

spotswood Restaurants

  • Spottiswoode Hotel62 Hudsons Rdspotswood VIC 301503 9391 1330
  • Al Nada84 Hudsons Rd spotswood VIC 301503 9399 4344

spotswood Cafes

  • Mies Coffee Bar85 Hudsons Rd spotswood VIC 301504 3306 3224
  • Duchess of Spotswood87 Hudsons Rd spotswood VIC 301503 9391 6016

spotswood Schools

  • St. Margaret Marys Primary School181 Hudsons Roadspotswood VIC 3015(03) 9391 3118Catholic Primary School
  • Spotswood Primary SchoolMelbourne Roadspotswood VIC 3015(03) 9391 1323State Primary School

spotswood Kindergarten and Preschools

  • Emma Mclean Kindergarten71 Hope Streetspotswood VIC 3015

spotswood Sporting Centres and Clubs

  • Spotswood-Kingsville RSLspotswood VIC 3015Bowling Club
  • Westgatespotswood VIC 3015Golf Course
  • Spotswood Skate Rampspotswood VIC 3015Skate Park Facility

Find out How Much your House is Worth in spotswood

Request a free market Basic Report for spotswood to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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