Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $641,000, Annual capital growth 8.33%, Number of sales 73, Weekly median advertised rent $395

Watsonia Unit: Median price $554,500, Annual capital growth 8.03%, Number of sales 24, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 785th in the list of Australian suburbs ordered by increase in median house value over the last year, Watsonia, 3087 is in the top 20% with a property value increase of 12.55% recorded in median house prices.

Watsonia,3087 has offered an average of 12.55% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Watsonia is giving property investors an average Vendor Discount of around -12.41%. This puts suburb at number 16th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

At number 189th in the list of Australian suburbs ordered by increase in median house value over the last year, Watsonia, 3087 is in the top 20% with a property value increase of 16.37% recorded in median house prices.

While Watsonia,3087 ranked number 47th in VIC for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

HOUSE UNIT
$641,000 $554,500
2.40% 4.62%
12.55% 16.37%
8.33% 8.03%
$395 $310
73 24
3.20% 2.91%
38.44 61.14

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals