If you compare the increase in value of investment property in Watsonia, 3087 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.03%.
Over the longer term, Watsonia has seen property prices show investors a 2.41% return over the last 3 years. This is an improvement over the last 12 months
In the last year 70 properties changed hands in Watsonia, which puts it as the 372th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Watsonia, 3087 is in the Banyule (C) local government area.
Watsonia, 3087 ranked 83th in VIC when comparing growth in median property values or capital gain over the last 12 months. Watsonia is one of 2099 in our list for VIC
Taking the average capital gain, or increase in median house value, Watsonia,3087 has racked up an average of 13.28% over the period. This ranks it number 267th in the whole country for real estate investors looking at median house price increases.
Often selling an investment property can take time, and in Watsonia the average time real estate has been on the market is 49.3125 days.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 6.44%, investors should hope to achieve an overall return of 2.97%