Watsonia North (postcode 3087) is a compact suburb in Victoria within the Banyule local government area. The area has roughly 3,799 residents and an established family demographic, with a median age of 41. Households earn a median income of $108K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
The median house price in Watsonia North is $925,000, having dipped slightly by 0.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,050.
Watsonia North is served by 1 school, including 1 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($925K/$875K). The price-to-income ratio of 8.6x is considered moderate. House prices have moved -0.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.