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Spotswood, VIC 3015
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,150,000
market range $1.1M-$1.2M
Median Unit
$765,000
market range $625K-$850K
Gross Yield (houses)
3.3%
1yr Growth (houses)
-6.1%
market range -10.0% to +2.5%
Investment snapshot for Spotswood
Spotswood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Spotswood market and investor summary
In Spotswood, VIC 3015, the median house sells for around $1.1M, on a gross rental yield of 3.3% for houses. House prices have moved -6.1% over the past year and +4.1% over three years. At 3.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 3.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Spotswood: people, income and schools
Spotswood has a resident population of roughly 2,820, a number that has held fairly steady over five years. At a median age of 38, it reads as broadly working-age.
The typical household income runs to around $128,000 a year (about $2,460 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to about 9.0 times local household income, in line with much of metropolitan Australia. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.
Families have 46 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Spotswood sits about 7.0 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 67 for walkability and 88 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,820
- +5% over 5yr
- Median age
- 38 years
- Median household income
- $128,000/yr
- Households renting
- 31%
- Family households
- 44%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 46
- avg ICSEA 1123
- Unemployment
- 2.3%
- Distance to CBD
- 7.0 km
- Walk score
- 67/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Spotswood
View all →Frequently asked questions about Spotswood
What should I check before investing in Spotswood?
Spotswood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Spotswood?
The median property price in Spotswood, VIC 3015 is $1.1M for houses and $765K for units.
What rental yield does Spotswood show?
The gross rental yield in Spotswood is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Spotswood?
House prices in Spotswood are down 6.1% over the past year and up 4.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Spotswood?
The current vacancy rate in Spotswood is 3.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Spotswood?
Spotswood has a population of approximately 2,820 residents, with a median age of 38.
What schools are near Spotswood?
There are 46 schools within roughly 5km of Spotswood. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Spotswood affordable to buy in?
A median house in Spotswood costs about 9.0 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Spotswood's population growing?
The population of Spotswood has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Spotswood from the CBD?
Spotswood is about 7.0 km from the CBD.
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