Williamstown

Williamstown, VIC 3016, is a thriving suburb with a population of 14,407 residents. The area has a diverse age demographic, with a significant proportion of residents aged between 5 to 44 years. The suburb offers various commuting options, with a notable percentage of residents working from home. The majority of occupations in the area comprise professionals, managers, and technicians, indicating a strong job market. The suburb boasts a healthy social housing ratio and a high median household income, contributing to a vibrant community. For house investors, Williamstown presents opportunities with a relatively high sale price IQR ratio, suggesting potential for renovators. The market absorption rate indicates steady demand, while the median growth rate is positive, supporting long-term value appreciation. Additionally, the suburb's high online search interest and room demand-supply ratio are favourable indicators. For unit investors, the suburb shows a moderately high sale price IQR ratio, presenting prospects for value-adding strategies. The market absorption rate for units is above 15%, signaling a favourable selling environment. Williamstown, VIC 3016, is an attractive suburb for both homeowners and investors. With a strong local economy, diverse demographic profile, and convenient commuting options, the area offers a desirable lifestyle. Property investors can leverage the suburb's market dynamics and growth potential, making it a compelling choice for both house and unit investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022