williamstown

3016, Victoria

Real Estate & Property Information

Median
Price Rank
51

williamstown Suburb Profile & Review

At the mouth of the Yarra River, you will find Williamstown, a fashionable seaside village steeped in history. Once Melbourne's first sea port, many of its heritage buildings remain tourist attractions and popular landmarks today.

Views of Melbourne's city skyline can be enjoyed from Gem Pier, while alfresco dining can be found along Nelson Place overlooking boats, yachts and dinghies on the foreshore. Enjoy seafood at The Rotunda on Williamstown Beach, or watch a round of footy at Burbank Oval on the Esplanade. On Ferguson Street and Douglas Parade find retail stores, rustic cafes and arts and crafts stores, while Fearon Reserve is home to lacrosse clubs, cricket clubs and bowls clubs.

Parents can send their children to one of five schools, though Williamstown High School in particular is highly regarded. Catch a train from Williamstown, Williamstown Beach or North Williamstown Station and reach the inner city in less than twenty minutes. A drive along the West Gate Freeway will take you directly into the city, or better yet, jump on the Williamstown ferry and enjoy views across the bay on your way to St Kilda or Southbank.

williamstown Demographic Data

$ 900,000 Median House Price

20 Minutes Average Commute

41 Median Age

13,203 Population

51.10 % Female

48.90 % Male

3537 NO OF FAMILIES

1.9 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 williamstown, Victoria.

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williamstown 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.

williamstown Median House Prices

  • 2008 $ 750,000
  • 2009 $ 750,000
  • 2010 $ 800,000
  • 2011 $ 883,750
  • 2012 $ 900,000

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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williamstown 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 williamstown 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 williamstown property price predictions.

williamstown Market Property Types

  • 64 % Seperate House
  • 21 % Semi Detached
  • 15 % Flat or Unit
  • 1 % 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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williamstown 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.

williamstown Income & Mortgage Stats

  • $ 1,792 Median Weekly Household Income
  • $ 2,167 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 williamstown

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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williamstown 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.

williamstown Sold Property Prices

williamstown 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.

williamstown 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?

williamstown Restaurants

  • Yamabuki Japanese Restaurant26 Ferguson St williamstown VIC 301603 9397 5811
  • Wild RiceShop 18/11-19 Ferguson St williamstown VIC 301603 9397 5484
  • Urban Soul68 Stevedore St williamstown VIC 301603 9397 6601

williamstown Cafes

  • Breeze on Nelson147 Nelson Place williamstown VIC 301603 9399 8787
  • Sassi Cafe & Bar Williamstown79-83 Douglas Pdewilliamstown VIC 301603 9397 6232
  • Mini Express Doughnuts and CoffeeCommonwealth Reserve Nelson Placewilliamstown VIC 301604 1253 5950

williamstown Schools

  • Williamstown Community & Education Centre14 Thompson Streetwilliamstown VIC 3016(03) 9397 6168Adult Multicultural Education Service
  • St. Marys Primary School118 Cecil Streetwilliamstown VIC 3016(03) 9397 7926Catholic Primary School
  • Bayside Williamstown Junior 7-9 Campus29-69 Kororiot Creek Roadwilliamstown VIC 3016(03) 9397 1377State Secondary College

williamstown Childcare

  • ABC Learning Centre19-23 Power Streetwilliamstown VIC 3016
  • The Range Childrens Centre87 Kororoit Creek Roadwilliamstown VIC 3016
  • Williamstown Child Care Centre83 Cecil Streetwilliamstown VIC 3016

williamstown Kindergarten and Preschools

  • Robina Scott Kindergarten105 Ferguson Streetwilliamstown VIC 3016

williamstown Sporting Centres and Clubs

  • Little Athletics Centres, Newport Parkwilliamstown VIC 3016Athletics Club
  • Williamstownwilliamstown VIC 3016Soccer Club
  • Hobsons Bay Yacht Clubwilliamstown VIC 3016Boating Club

williamstown Retirement Villages

  • The Villagewilliamstown VIC 3016
  • Wintringham Hostelwilliamstown VIC 3016

williamstown Vets

  • Williamstown Veterinary Hospitalwilliamstown VIC 3016

Find out How Much your House is Worth in williamstown

Request a free market Basic Report for williamstown 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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