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Watsonia
AREA REPORTS

Watsonia

Watsonia - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3087

house
unit

Property investors enjoyed capital gains of 24.72% 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 26.31% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

On average, rents on listings have reached the $440 mark, reflecting a 2.32% increase in returns based on the current median price in WATSONIA.

WATSONIA, 3087 ranks 187th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 430th on the list of best yielding suburbs for rental properties in VIC, posting a 2.32% return.

Data report can be found below

Watsonia
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $985,250 $766,000
GROWTH REPORT
Median Quarterly 6.4% 4.93%
Median 12 month 24.72% 16.06%
Median 3 years 26.31% 53.2%
Median 5 years 45.42% 39.4%
10 years average annual 7.6% 4.72%
Weekly media advert. rent $440 $400
Time on Market 27.5 days 47.3 days
Gross Rental Yield Percent 2.32% 2.72%
demographics (median values)*
Total Population
9031
Weekly Household Income
1543
Household Size
2.60
Age
39
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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