Question 1

Is Williamstown North a nice place to live?

Accepted Answer

Williamstown North is a compact inner-west suburb on Melbourne’s bay side, sitting beside the port and the older Williamstown township. It mixes modest post-war houses and weatherboard cottages on quiet streets with pockets of light industry and warehouse land, so the area has a practical, working character rather than a tourist vibe. Residents have nearby foreshore parks and walking routes, the Williamstown train line, major road links and straightforward access to maritime and industrial employers, which makes day-to-day life focused on waterside convenience and transport connections.

The community of 1,622 people has a median age of 42 and is weighted towards families: couple families with children are the largest group at 46.4%, and together with couple families without children make up just over eight in ten families. Most homes are owner-occupied (62.4%) while 37.6% are rented. Local works include the delivered North Williamstown Station precinct upgrades and a range of reserve and playspace upgrades planned for the suburb. Whether it suits you depends on whether that mix of residential streets and nearby employment fits your needs.

Question 2

Is it expensive to live in Williamstown North?

Accepted Answer

Renting in Williamstown North currently runs to about $785 a week for houses and $495 a week for units. Against a typical local household income of $2,166 a week as recorded at the last Census, a house rent would take about 36.2% of that income, a sizeable share, while a unit rent would take about 22.9%, a moderate share. For renters, those rent shares are the most relevant numbers to weigh up; whether they feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Williamstown North a good place to invest?

Accepted Answer

House values in Williamstown North jumped 31.3% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents rose 4.7%, a modest increase, so for houses price growth materially outpaced rental growth this year.

Unit rents climbed 12.5% over the year, a strong increase and faster than the rise in house rents. If rental income is your priority, the unit-rent movement is the figure most relevant to you; if you are focused on capital growth, the house value change is the main figure to consider. Whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	31.3%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	88	N/A
Average rent Past 12 months	$785	$495
Change in rent Past 12 months	4.7%	12.5%

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