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Watsonia, VIC 3087

Home » VIC Real Estate Data » Banyule City, VIC » Watsonia, VIC 3087

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Watsonia, VIC 3087 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Watsonia, VIC 3087”

  1. The total adult population (15 years or older) of Watsonia 3087 VIC is 4,352, with a median age of 38. Of those, 44.60% are married, 11.97% are divorced or separated, 37.71% are single and 5.72% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,800. The median monthly mortgage repayment for households in this suburb is $2,019 which is 20.60% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Watsonia, postcode 3087, nestled in the state of Victoria, is a vibrant community composed of roughly 2517 households. As the third quarter of 2023 unfolds, the real estate market exhibits intriguing figures and trends for houses in this area.

    The typical house price in Watsonia stands at $830,502, with a median weekly rent of $447. This corresponds to an indicative yield of approximately 2.8% falling just below the 3% mark which is usually seen as a minimum attractive yield for cash flow-focused property investors. However, it is important to note that while this might be considered somewhat less attractive from a strict cash flow perspective, a blended investment strategy might still find value in this area given other favourable conditions.

    The socio-economic score or IRSAD for the area, at 1027 out of 1217, reflects a community with reasonably good access to economic resources, showcasing a population with solid income levels and professional employment. It’s good, but not the highest possible, reflecting a balanced socio-economic make up of the community.

    The renter to owner ratio of 30% sits perfectly at the balanced line, indicating a market with a respectable balance between homeowners and renters. It’s not oversaturated with rental properties, which can often denigrate local returns and exacerbate competition among landlords.

    Interestingly, the unit to house ratio is at a favourable 16%, revealing that houses markedly outnumber units. This often leads to longer tenancy periods and less competition among landlords, potentially aiding in maintaining higher rental yields. This also means that Watsonia is primarily a suburb occupied by families creating a neighbourly vibe.

    The affordability index presents Watsonia as somewhat less affordable, with 33 years needed to fully own a property under standard conditions. This is slightly longer than ideal and may potentially come with a risk of decreased affordability.

    Supply indicators however are generally positive. The stock on market percentage for houses is low at 0.33% serving as a favourable indicator of limited supply. In sync with this, the inventory level for houses, at 1.47 months, exhibits a low supply market. The building approvals ratio is moderate, at 0.54%, signalling a relatively balanced addition of new stock to the market.

    In terms of demand, houses are spending 29 days on the market on average, a strong indication of high demand. The vacancy rate (for both houses and units) is extremely low, clocking in at 0.4%, which emphasises the high demand. The buy search index for houses is neutral, at 5, meaning there is an average level of interest in purchasing properties in Watsonia compared to the broader state.

    Despite some metrics not being in the most favourable range, the overall situation in Watsonia seems promising for property investors, particularly when the relatively low supply is considered in conjunction with the strong demand indicators. Nevertheless, continual vigilance and widening the lens to include more metrics, like the RCS by HtAG Analytics, can ensure a comprehensive understanding of the market value and potential opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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