Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $720,250, Annual capital growth 6.53%, Number of sales 58, Weekly median advertised rent $420

  • 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

Investment property in Watsonia has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -12.16%

Across a shorter period, Watsonia, 3087 has seen a median price increase of -0.14% over the last quarter.

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 -3.85% is being offered, which puts this VIC suburb at 2946th most discounted overall in Australia.

Residents and property investors in Watsonia have been waiting around 51.2069 days to sell a property.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 6.53%.

Metrics i HOUSE UNIT
$720,250 N/A
-0.14% N/A
-12.16% N/A
6.53% N/A
$420 N/A
58 N/A
3.03% N/A
51.2068965517241 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), Good (U)
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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