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Watsonia, VIC 3087
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,020,000
market range $950K-$1.1M
Median Unit
$755,000
market range $675K-$800K
Gross Yield (houses)
3.0%
1yr Growth (houses)
-0.7%
market range -5.0% to +7.5%
Investment snapshot for Watsonia
Watsonia has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Watsonia market and investor summary
Watsonia (VIC 3087) runs a median house price of $1.0M, with houses yielding a gross 3.0%. House prices have moved -0.7% over the past year and +19.9% over three years. At 1.4% 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 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Watsonia: people, income and schools
About 5,352 people live in Watsonia, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and 70% of homes are owner-occupied.
Households here earn a median of about $98,000 a year, or roughly $1,880 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 10.4 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.
There are 48 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 16 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 88 for walkability and 77 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 5,352
- +0% over 5yr
- Median age
- 38 years
- Median household income
- $98,000/yr
- Households renting
- 30%
- Family households
- 46%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 48
- avg ICSEA 1021
- Unemployment
- 3.9%
- Distance to CBD
- 16 km
- Walk score
- 88/100
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
View all →Frequently asked questions about Watsonia
What should I check before investing in Watsonia?
Watsonia has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Tight rental market (1.4% 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?
The median property price in Watsonia, VIC 3087 is $1.0M for houses and $755K for units.
What rental yield does Watsonia show?
The gross rental yield in Watsonia is 3.0% for houses and 4.2% 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?
House prices in Watsonia are down 0.7% over the past year and up 19.9% 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?
The current vacancy rate in Watsonia is 1.4%. 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?
Watsonia has a population of approximately 5,352 residents, with a median age of 38.
What schools are near Watsonia?
There are 48 schools within roughly 5km of Watsonia. 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 affordable to buy in?
A median house in Watsonia costs about 10.4 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's population growing?
The population of Watsonia 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 from the CBD?
Watsonia is about 16 km from the CBD.
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