VIC, 3087 - Banyule

Thinking about buying in Watsonia? Now could not be a better time, with 2853 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,162,000 with prices in this suburb ranging from $362,000 to $3,358,000. The aproximate distance to the coast is 15 Km.

Household Makeup

Median Weekly Rent $390.00
Median Monthly Mortgage $1950.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 42.00
Average Income $935.00
Average Cars Per Dwelling 1.45
Average Properties Within 50M 14

Housing Stock

Average Property Prices

1 Bed  $989,000
2 Bed  $914,000
3 Bed  $1,255,000
4 Bed  $1,427,000
5 Bed  $1,498,000
6 Bed+$1,195,000

Watsonia Real Estate Market Outlook

In Watsonia there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Watsonia ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Watsonia provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Watsonia necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Watsonia we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Watsonia a better buying opportunity than it may have been in the past.

Houses for sale Watsonia

Ray White UNIT 1, 47 MORWELL AV, WATSONIA, VIC, 3087 Beds2 Bathrooms1 Parking 1 360000
Ray White 18 COOINDA CR, WATSONIA, VIC, 3087 Beds3 Bathrooms1 Parking 2 700000

Local Schools

Watsonia Primary School

Loyola College

Greensborough Secondary College

Concord School

Watsonia North Primary School

St Mary's School

Watsonia Heights Primary School

Greensborough Primary School

Streeton Primary School

Macleod College

(While the above schools are located with the suburb of Watsonia there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Watsonia weather - Average Local Climate by month

Min (°C)
Max (°C)
Min (%)
Max (%)
(MJ/sq m)

source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Watsonia NorthMacleodYallambieGreensboroughBundooraBriar HillViewbankRosannaMontmorencyLower Plenty

Public Transport

General Points of Interest

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