Market snapshot
Suburb insights for Spotswood3015
Change suburbSpotswood, approximately 7 km southwest of Melbourne's CBD, is a gentrifying suburb with a strong industrial heritage and an emerging cultural edge. Home to Scienceworks Museum and The Substation, Spotswood is becoming known for its artistic community and trendy cafés. The suburb has excellent rail access and is situated on the banks of the Yarra River, bordered by the West Gate Bridge. Industrial conversions and new developments are reshaping the area, making it increasingly popular with professionals, creatives, and young families.
Sales data
Median sale price
$1mil
Quarterly price change
-10.7%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Spotswood | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $1,100,000 | $863,000 |
| 4 | - | $980,500 |
| Insight | Spotswood | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 74.9% |
| Days on market | 37 |
Rental data
Median weekly rent
$680
Rental yield
3%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Spotswood | Metro comparison |
|---|---|---|
| 2 | $553 | $595 |
| 3 | $680 | $550 |
| 4 | - | $595 |
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