The Report FY27 Download The Report Jellis Craig

Local market update

Williamstown & SURROUNDS

0:00
0:00 Listen to Local market update Williamstown

Now viewing: Williamstown

Contemporary outdoor entertaining area with landscaped gardens, stone paving, built-in seating and large sliding doors that extend the home's living spaces outdoors.

Greg Cusack Director Jellis Craig Inner West

Anthony Gunn Partner & Auctioneer Jellis Craig Inner West

We sat down with our Williamstown directors to explore how the past year has unfolded and what lies ahead for the local property market.

How has the Hobsons Bay property market performed in the last 12 months?

The market has performed well despite interest rate and cost-of-living headwinds. Prices have remained steady, and good-quality homes in sought-after pockets continue to attract strong interest. The rental market has followed suit, with stable, modest growth and consistently tight conditions. Investors are taking a longer-term view, drawn by affordability relative to the eastern side of the bay.

Williamstown stands out for its coastal character, excellent schools and proximity to the CBD, while Newport and Spotswood continue to evolve and attract younger buyers.

49A The Strand, Williamstown SOLD $3,650,000
49A The Strand, Williamstown SOLD $3,650,000

Which suburbs look best placed for stability over the next 12 months?

Williamstown stands out for its coastal character, excellent schools and proximity to the CBD, while Newport and Spotswood continue to evolve and attract younger buyers. Altona and Altona North offer a more affordable entry point, with steady demand from first-home buyers and families.

How do you expect the Hobsons Bay market will respond to further potential cash rate adjustments?

Interest rates will continue to influence borrowing capacity and confidence, but Hobsons Bay has consistently shown greater resilience than comparable markets. Further rises may temper activity, but meaningful price corrections in prime locations are unlikely. Should rates ease, confidence and competition should follow swiftly. Lifestyle credentials and constrained land supply will underpin values through broader economic conditions.

Median property prices

Cotality, 01/04/2025 - 31/03/2026 Where a suburb is split across a LGA, the whole suburb has been used to determine a median. Where there are insufficient sales within a suburb over a 12-month period, a median price has not been calculated.

Hobsons Bay & surrounds

  1. Altona
  2. Altona Meadows
  3. Altona North
  4. Brooklyn
  5. Laverton
  6. Newport
  7. Seabrook
  8. Seaholme
  9. South Kingsville
  10. Spotswood
  11. Williamstown
  12. Williamstown North
$0$500K$1M$1.5M$2M

Median days on market

Cotality, 01/04/2025 - 31/03/2026

Hobsons Bay

Houses 36 days
Units 37 days

Rental yield

Cotality, 01/04/2025 - 31/03/2026

Hobsons Bay

Houses 3.3%
Units 4.2%

Current population

ABS Census 2021 Data

Hobsons Bay

91,322
  • Houses
  • Units
74 Morris Street, Williamstown SOLD $4,600,000

We continue to see strong investor activity in Williamstown North. What makes this suburb so attractive for investors?

Williamstown North is an increasingly compelling option for yield-focused investors. The redeveloped train station has improved CBD connectivity, while relative affordability offers an attractive entry point compared to tightly held Williamstown. A solid supply of family homes supports consistent occupancy, and proximity to the beach, central Williamstown and the freeway only adds to its appeal.

Charming Victorian home with a white picket fence, landscaped gardens, heritage façade and beautifully preserved period details in a sought-after streetscape.
55 Verdon Street, Williamstown SOLD $2,475,000

Ownership

ABS Census 2021 Data

Hobsons Bay

  • Own
  • Purchasing
  • Rent
  • Other

Dwelling type

ABS Census 2021 Data

Hobsons Bay

House
69%
Semi detached
24%
Unit / apartment
7%
  • House
  • Semi detached
  • Unit / apartment

What does FY27 and beyond look like for the Hobsons Bay property market?

Hobsons Bay looks set for steady, reliable growth. Lifestyle, city access and constrained supply underpin the market, and those fundamentals aren't changing. As rates and confidence improve, activity should build, with premium coastal pockets continuing to lead. Meanwhile population growth and infrastructure investment provide a solid long-term foundation.

10 Thompson Street, Williamstown SOLD $2,750,000
15 Pearson Street, Williamstown SOLD $2,210,000
30 The Strand, Williamstown SOLD $4,600,000
114 Cole Street, Williamstown SOLD $2,869,000

Fast Five with Anthony Gunn

Favourite street
Verdon Street – wide, tree-lined and central, with beautiful period homes.

Local secret
Jaw Bone Conservation Park’s hidden timber walkway amongst the mangrove bushes right up to the water.

Memorable sale
A Melbourne Road auction in 43-degree heat, with 45 minutes of bidding and a result exceeding every expectation.

Design focus
Quality alfresco areas with built-in fireplaces or pizza ovens.

One to watch
The Rifle Range Estate has matured from a 1990s newbuild into an established, leafy pocket offering more affordable entry than South Williamstown.

Request an appraisal

If you are thinking of selling your property, contact us for a property appraisal.

Speak to an investment property specialist

Stay up to date with regular insights and lifestyle articles from Jellis Craig