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Watsons Creek
VIC, 3097 - Nillumbik

Thinking about buying in Watsons Creek? Now could not be a better time, with just 33 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,033,000 with prices in this suburb ranging from $1,364,000 to $2,724,000. The aproximate distance to the coast is 31 Km.

Household Makeup

Median Weekly Rent $376.00
Median Monthly Mortgage $2500.00
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 51.00
Average Income $970.00
Average Cars Per Dwelling 2.75
Average Properties Within 50M 1

Housing Stock

Average Property Prices

3 Bed  $1,363,000
5 Bed  $2,012,000
6 Bed+$2,723,000

Watsons Creek Real Estate Market Outlook

In Watsons Creek 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. Low average incomes in Watsons Creek is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Watsons Creek provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Watsons Creek to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Watsons Creek 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 Watsons Creek a better buying opportunity than it may have been in the past.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Watsons Creek 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.

Watsons Creek weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan3.117.730.837.686.63.125.0
Feb3.016.429.538.088.62.823.2
Mar3.115.628.636.688.32.718.4
Apr1.611.323.938.988.42.616.4
May1.37.119.542.291.82.312.8
Jun1.55.416.944.492.42.410.8
Jul1.63.415.939.692.52.412.2
Aug1.44.218.131.986.12.614.9
Sept1.87.420.436.988.32.818.3
Oct2.911.124.434.987.42.822.0
Nov2.813.927.832.281.63.026.0
Dec4.215.22744.691.42.824.6

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

27-06-2022 $30,000 17 WATSONS CREEK-TILMUNDA RD
14-06-2022 $130,000 476 ROSENEATH RD
20-05-2022 $1,250,000 471 WATSONS CREEK-TILMUNDA RD
13-01-2022 $585,000 2202 WATSONS CREEK RD
19-11-2021 $540,000 114 HAZELGLEN RD
18-11-2020 $261,000 184 GLEN BARRA RD
28-10-2020 $260,000 220 GLEN BARRA RD
05-08-2020 $546,666 2418 WATSONS CREEK RD
01-10-2019 $499,000 35 WATSONS CREEK-TILMUNDA RD
12-06-2019 $520,000 4628 HAZELGLEN RD
09-05-2019 $250,000 216 GLEN BARRA RD
22-03-2018 $120,000 184 GLEN BARRA RD
31-07-2017 $350,000 219 GLEN BARRA RD
15-02-2017 $1,280,000 1049 BUNGENDORE SPUR RD
17-10-2016 $590,000 471 WATSONS CREEK-TILMUNDA RD
23-09-2016 $260,000 2300 WATSONS CREEK RD
18-07-2016 $700,000 120 HAZELGLEN RD
25-05-2016 $16,000 512 WATSONS CREEK-TILMUNDA RD
04-11-2014 $950,000 2113 WATSONS CREEK RD
26-08-2014 $60,000 500 WATSONS CREEK-TILMUNDA RD
08-10-2013 $155,000 1434 BUNGENDORE SPUR RD
14-08-2013 $115,000 10 WATSONS CREEK-TILMUNDA RD
12-07-2013 $275,000 153 WATSONS CREEK-TILMUNDA RD
21-02-2013 $283,000 109 WATSONS CREEK-TILMUNDA RD
12-08-2010 $70,000 476 ROSENEATH RD
22-01-2010 $315,000 2201 HALLS CREEK RD
24-01-2006 $80,000 138 GLEN BARRA RD
09-09-2005 $340,000 2418 WATSONS CREEK RD
25-07-2005 $282,500 2202 WATSONS CREEK RD
27-05-2005 $190,000 109 WATSONS CREEK - TILMUNDA RD
10-12-2004 $55,000 10 WATSONS CREEK - TILMUNDA RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

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