Suburb Profile Report for Watsonia North VIC (3087)

Watsonia North House: Median price $700,000, Annual capital growth 8.15%, Number of sales 39, Weekly median advertised rent $393

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Watsonia North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.24% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Watsonia North comes in at number 202th in VIC.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

A $392.5 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 8.15%.

HOUSE UNIT
$700,000 N/A
3.70% N/A
10.24% N/A
8.15% N/A
$393 N/A
39 N/A
2.92% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3845
Median household income ($/weekly) 1458
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 452 11.8
    25-34 years 478 12.4
    35-44 years 565 14.7
    45-54 years 483 12.6
    55-64 years 564 14.7
    Others 1303 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 1737 57.8
    Not Married 1078 35.8
    Defacto Relationship 192 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2920 78.0
    Hong Kong 81 2.2
    Japan 131 3.5
    United Kingdom 104 2.8
    Other 80 2.1
    Others 429 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 1.6
    Christianity 2703 75.1
    Hinduism 37 1.0
    Other Religious Groups 22 0.6
    No Religion 755 21.0
    Others 23 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 9.5
    $1,250-$1,499 133 11.1
    $1,500-$1,999 188 15.7
    $2,000-$2,499 136 11.3
    $2,500-$2,999 104 8.7
    Others 524 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1240 40.1
    Not in the labour force 1025 33.1
    Employed, worked part-time 632 20.4
    Employed, away from work 131 4.2
    Unemployed, looking for work 66 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 221 11.1
    Professionals 421 21.1
    Technicians & trades workers 317 15.9
    Community & personal service workers 201 10.1
    Clerical & administrative workers 338 16.9
    Others 502 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 66 7.5
    Infants/Primary 304 34.4
    Secondary 269 30.4
    Technical or Further Educational Institution 62 7.0
    University or other Tertiary Institutions 148 16.7
    Others 36 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3679 98.6
    Flat, unit or apartment 26 0.7
    Semi-detached, row or terrace house, townhouse 25 0.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 649 49.4
    Being purchased 506 38.5
    Rented 155 11.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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