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Watsonia North, VIC 3087
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$970,000
market range $925K-$1M
Median Unit
$765,000
Gross Yield (houses)
3.3%
1yr Growth (houses)
-3.6%
market range -7.5% to +10.0%
Investment snapshot for Watsonia North
Watsonia North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Watsonia North market and investor summary
In Watsonia North, VIC 3087, the median house sells for around $970K, on a gross rental yield of 3.3% for houses. House prices have moved -3.6% over the past year and +4.3% over three years. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Watsonia North: people, income and schools
Watsonia North has a resident population of roughly 3,799, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $108,000 a year (about $2,070 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
Families have 52 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Watsonia North sits about 17 km from the CBD. It is fairly car-dependent; the suburb scores 25 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 3,799
- +0% over 5yr
- Median age
- 41 years
- Median household income
- $108,000/yr
- Households renting
- 12%
- Family households
- 80%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 52
- avg ICSEA 1072
- Unemployment
- 3.9%
- Distance to CBD
- 17 km
- Walk score
- 25/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Watsonia North
View all →Frequently asked questions about Watsonia North
What should I check before investing in Watsonia North?
Watsonia North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Watsonia North?
The median property price in Watsonia North, VIC 3087 is $970K for houses and $765K for units.
What rental yield does Watsonia North show?
The gross rental yield in Watsonia North is 3.3% for houses and 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Watsonia North?
House prices in Watsonia North are down 3.6% over the past year and up 4.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Watsonia North?
The current vacancy rate in Watsonia North is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Watsonia North?
Watsonia North has a population of approximately 3,799 residents, with a median age of 41.
What schools are near Watsonia North?
There are 52 schools within roughly 5km of Watsonia North. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Watsonia North affordable to buy in?
A median house in Watsonia North costs about 9.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Watsonia North's population growing?
The population of Watsonia North has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Watsonia North from the CBD?
Watsonia North is about 17 km from the CBD.
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