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%