Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $680,000, Annual capital growth 8.61%, Number of sales 74, Weekly median advertised rent $393

Watsonia Unit: Median price $550,000, Annual capital growth 7.59%, 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

Watsonia is in the TOP 30% in VIC when comparing median price capital growth over the last year. Watsonia gave property investors a good capital gain figure when compared to the rest of the state, with 12.40%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Watsonia has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Watsonia, 3087. Typically our figures indicate that -8.03% is being offered, which puts this VIC suburb at 815th most discounted overall in Australia.

With the median price for a house in Watsonia being $680000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 3.00%

If you compare the increase in value of investment property in Watsonia, 3087 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.57%.

Watsonia,3087 was ranked 1410 in Australia by increase in median property value over the quarter.

Watsonia is 351th on a list of best yielding suburbs for rents in VIC with a 2.93% return

HOUSE UNIT
$680,000 $550,000
5.14% -3.51%
12.40% 5.57%
8.61% 7.59%
$393 $310
74 24
3.00% 2.93%
41.33 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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