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Watsonia

POSTAL CODE: VIC, 3087
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Property investors enjoyed capital gains of 2.55% over the last 12 months in WATSONIA, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in WATSONIA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 15.45% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

On average, rents on listings have reached the $570 mark, reflecting a 2.95% increase in returns based on the current median price in WATSONIA.

WATSONIA, 3087 ranks 407th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 340th on the list of best yielding suburbs for rental properties in VIC, posting a 2.95% return.

Surburb overview

Watsonia is a suburb within the City of Banyule, located approximately 16 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, It has a population of 5,352. The community is diverse, with 78% of residents born in Australia, followed by individuals from England (2.3%), China (2%), India (1.3%), and Italy (1%).

Public transportation in Watsonia is well-developed. The Watsonia railway station on the Hurstbridge line serves the suburb, providing regular services to Melbourne's CBD. Additionally, bus routes connect Watsonia to surrounding areas, including Bundoora, Greensborough, and Macleod.

Essential establishments in Watsonia include a variety of shops, cafes, and medical services. The suburb also features amenities like a post office, grocery stores, and a library. Educational institutions are prominent, with Watsonia Primary School and Loyola College serving the area.

Recreational activities are abundant, with Binnak Park offering green spaces for outdoor activities. The suburb also features the Watsonia Football Club, which competes in the Northern Football League, providing residents with various sports options.

Separate houses characterise the housing market in Watsonia. The median property price is approximately $1,005,000. The area is known as General Residential, reflecting its established suburban nature.

Watsonia's combination of accessible transportation, essential services, educational facilities, and recreational spaces contributes to its appeal as a residential suburb in Melbourne's north-east.

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