Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $701,500, Annual capital growth 9.05%, Number of sales 72, Weekly median advertised rent $395

Watsonia Unit: Median price $549,500, Annual capital growth 7.33%, Number of sales 23, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 13.15% for the last 12 months, Watsonia, 3087 has performed for property investments than its average annual 9.05% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Watsonia comes in at number 217th in VIC.

Watsonia, 3087 is offering VIC ‘s 106th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

At number 154 in a list of fastest selling suburbs, Watsonia is in the TOP 10% of suburbs in Australia with an average of days on market 36.93 for properties listed there.

With the median price for a house in Watsonia being $701500 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 2.93%

Over the last year, property investments in Watsonia, 3087 have given investors a capital gain of 5.47%. This compares favourably with the 2.98% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Watsonia,3087 has racked up an average of 5.47% over the period. This ranks it number 458th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

With the median price for a house in Watsonia being $549500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 2.93%

Metrics i HOUSE UNIT
$701,500 $549,500
6.21% N/A
13.15% 5.47%
9.05% 7.33%
$395 $310
72 23
2.93% 2.93%
36.93 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Watsonia VIC
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