Watsonia is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3087). With a population of 5,352, the suburb has an established demographic with a median age of 38. Households earn a median income of $98K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Watsonia is $1.0 million, having surged 14.3% over the past year. Units have a median price of $755,000 (+3.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,019.
Watsonia is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 5 rail stations, 25 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Watsonia offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +14.3% year-on-year.
Watsonia is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3087). With a population of 5,352, the suburb has an established demographic with a median age of 38. Households earn a median income of $98K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Watsonia is $1.0 million, having surged 14.3% over the past year. Units have a median price of $755,000 (+3.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,019.
Watsonia is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 5 rail stations, 25 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Watsonia offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved +14.3% year-on-year.