Watsonia North

POSTAL CODE: VIC, 3087
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 2.22% capital gain.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $920,000.

Profits due to an upward trend in home prices there averaged 0.74% per annum over a 3-year period.

Home owners selling their properties and realtors in WATSONIA NORTH usually have to wait an average of 32.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $570 mark, reflecting a 3.22% increase in returns based on the current median price in WATSONIA NORTH.

WATSONIA NORTH, 3087 places 298th in Australia based on median property value growth during the quarter.

Surburb overview

Watsonia North, located approximately 17 kilometres north-east of Melbourne's Central Business District, is a suburb within the City of Banyule. According to the 2021 Census, it has a population of 3,799 residents, with a median age of 41. The community predominantly consists of families, with couples with children being the most common household structure.

Public transportation in Watsonia North includes bus services that connect residents to nearby train stations, such as Watsonia Station on the Hurstbridge line, facilitating access to Melbourne's CBD. Additionally, approximately 8.9% of the working population uses the train daily.

Essential establishments in the suburb encompass educational institutions like Watsonia North Primary School. For shopping and dining, residents often visit the nearby Watsonia shopping strip, which offers a variety of shops and cafes. The suburb is also near larger commercial centres in Greensborough and Bundoora.

Recreational activities are well-supported, with Binnak Park providing green spaces for outdoor pursuits, including walking trails and playgrounds. The suburb's tree-lined streets and parks contribute to a friendly family atmosphere, making it suitable for families with children.

Separate houses characterise the housing market in Watsonia North. The median property price is approximately $920,750. The area is known as General Residential, reflecting its established suburban nature.

Watsonia North has emerged as one of Australia's most tightly held suburbs. On average, homeowners retain their properties for over 23 years before selling, which indicates a strong sense of community and resident satisfaction.

Watsonia North offers a peaceful residential environment with convenient access to essential services and recreational facilities, contributing to its appeal as a desirable suburb in Melbourne's north-east.

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