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 9.61%.
Watsonia,3087 has offered an average of 9.61% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -12.41% to buyers in Watsonia at the moment, which is less than average for the rest of VIC.
In the last year 74 properties changed hands in Watsonia, which puts it as the 330th most active market in VIC when comparing the number of sales per suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.23%, without taking into account capital value appreciation, which has been averaging out at 8.12%.
Over the last year, property investments in Watsonia, 3087 have given investors a capital gain of 15.00%. This compares very favourably with the 4.09% for VIC as a whole.
A 36.45% growth in median value for property investors in Watsonia,3087 puts this suburb at number 53th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Watsonia itself are offering an average vendor discount of -4.60% to real estate investors.
Residents and property investors in Watsonia have been waiting around 66.06 days to sell a property.