Suburb Profile Report for Watsonia VIC (3087)

Watsonia House: Median price $750,000, Annual capital growth 5.94%, Number of sales 59, Weekly median advertised rent $420

Watsonia Unit: Median price $598,500, Annual capital growth 6.43%, Number of sales 10, Weekly median advertised rent $395

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Watsonia is in the bottom 40% in VIC when comparing median price capital growth over the last year. Watsonia gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.25%.

Over the longer term, Watsonia has seen property prices show investors a 7.91% return over the last 3 years. This is worse than over the last 12 months

Advertised rents are around the $420 mark per week – giving a return of 2.91% based on the median price in Suburb

Over the last year, property investments in Watsonia, 3087 have given investors a capital gain of 26.00%. This compares very favourably with the 6.11% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Watsonia,3087 has racked up an average of 26.00% over the period. This ranks it number 577th in the whole country for real estate investors looking at median house price increases.

In the last year 10 properties changed hands in Watsonia, which puts it as the 372th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Watsonia being $598500 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.43%

Metrics i HOUSE UNIT
$750,000 $598,500
2.74% N/A
-1.25% 26.00%
5.94% 6.43%
$420 $395
59 10
2.91% 3.43%
58.3529411764706 68.9

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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
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