Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $645,000, Annual capital growth 8.33%, Number of sales 71, Weekly median advertised rent $395

Watsonia Unit: Median price $555,000, Annual capital growth 8.09%, Number of sales 28, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Watsonia have tracked close to the VIC average of 7.80% over the last 12 months.

If we look at median property appreciation over just the last three months, Watsonia has given property investors a paper return of 3.20%. This puts Suburb as 171 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Watsonia itself are offering an average vendor discount of -12.41% to real estate investors.

In the last year 71 properties changed hands in Watsonia, which puts it as the 342th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Watsonia, 3087 is in the Banyule local government area.

Property value increases in Watsonia have tracked higher than the VIC average of 3.63% over the last 12 months.

A 33.73% growth in median value for property investors in Watsonia,3087 puts this suburb at number 71th in terms of best performing suburbs in VIC

With the median price for a house in Watsonia being $555000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 2.90%

HOUSE UNIT
$645,000 $555,000
3.20% 3.06%
7.77% 16.47%
8.33% 8.09%
$395 $310
71 28
3.18% 2.90%
39.47 62.15

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5145
Median household income ($/weekly) 1170
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 574 11.2
    25-34 years 802 15.6
    35-44 years 795 15.4
    45-54 years 672 13.1
    55-64 years 490 9.5
    Others 1813 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1814 46.2
    Not Married 1761 44.8
    Defacto Relationship 355 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4011 81.6
    Croatia 104 2.1
    Indonesia 67 1.4
    United Kingdom 170 3.5
    Other 147 3.0
    Others 417 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.7
    Christianity 3075 65.4
    Hinduism 48 1.0
    Islam 61 1.3
    No Religion 1412 30.0
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 197 10.6
    $600-$799 186 10.1
    $800-$999 175 9.5
    $1,500-$1,999 225 12.2
    $2,000-$2,499 195 10.5
    Others 872 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1545 38.3
    Not in the labour force 1499 37.2
    Employed, worked part-time 720 17.9
    Employed, away from work 158 3.9
    Unemployed, looking for work 107 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 234 9.7
    Professionals 558 23.0
    Technicians & trades workers 384 15.8
    Community & personal service workers 285 11.8
    Clerical & administrative workers 422 17.4
    Others 541 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 103 9.9
    Infants/Primary 352 33.9
    Secondary 270 26.0
    Technical or Further Educational Institution 106 10.2
    University or other Tertiary Institutions 160 15.4
    Others 46 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4380 89.3
    Semi-detached, row or terrace house, townhouse 274 5.6
    Flat, unit or apartment 248 5.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 732 37.0
    Being purchased 712 36.0
    Rented 525 26.6
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
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