Suburb Profile Report for Watsonia North VIC (3087)

Watsonia North House: Median price $705,000, Annual capital growth 5.78%, Number of sales 33, Weekly median advertised rent $430

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Watsonia North, 3087 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.21%

When looking at the potential capital gains offered to property investors over the last 3 years, Watsonia North comes in at number 513th in VIC.

Property buyers and investors in Watsonia North 3087 should be seeing an average reduction in asking price of around -4.70% . This means that Watsonia North is holding prices well when compared to other suburbs in VIC.

At number 56 in a list of fastest selling suburbs, Watsonia North is in the TOP 10% of suburbs in Australia with an average of days on market 35.5 for properties listed there.

Metrics i HOUSE UNIT
$705,000 N/A
-3.49% N/A
-11.21% N/A
5.78% N/A
$430 N/A
33 N/A
3.17% N/A
35.5 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 3845
Median household income ($/weekly) 1458
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 452 11.8
    25-34 years 478 12.4
    35-44 years 565 14.7
    45-54 years 483 12.6
    55-64 years 564 14.7
    Others 1303 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 1737 57.8
    Not Married 1078 35.8
    Defacto Relationship 192 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2920 78.0
    Hong Kong 81 2.2
    Japan 131 3.5
    United Kingdom 104 2.8
    Other 80 2.1
    Others 429 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 1.6
    Christianity 2703 75.1
    Hinduism 37 1.0
    Other Religious Groups 22 0.6
    No Religion 755 21.0
    Others 23 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 9.5
    $1,250-$1,499 133 11.1
    $1,500-$1,999 188 15.7
    $2,000-$2,499 136 11.3
    $2,500-$2,999 104 8.7
    Others 524 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1240 40.1
    Not in the labour force 1025 33.1
    Employed, worked part-time 632 20.4
    Employed, away from work 131 4.2
    Unemployed, looking for work 66 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 221 11.1
    Professionals 421 21.1
    Technicians & trades workers 317 15.9
    Community & personal service workers 201 10.1
    Clerical & administrative workers 338 16.9
    Others 502 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 66 7.5
    Infants/Primary 304 34.4
    Secondary 269 30.4
    Technical or Further Educational Institution 62 7.0
    University or other Tertiary Institutions 148 16.7
    Others 36 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3679 98.6
    Flat, unit or apartment 26 0.7
    Semi-detached, row or terrace house, townhouse 25 0.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 649 49.4
    Being purchased 506 38.5
    Rented 155 11.8
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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