watsonia

3087, Victoria

Real Estate & Property Information

Median
Price Rank
247

watsonia Suburb Profile & Review

Watsonia is a scenic north-eastern suburb surrounded by parks and reserves including the Gresswell Forest Wildlife Reserve. Train services depart to the city from historical Watsonia Station on the Hurstbridge line. The Greensborough bypass and the Eastern Freeway offer swift access to the city, and bus services travel frequently to both Greensborough Plaza and Northland Shopping Centre.

Diamond Village Shopping Centre, an eclectic shopping strip, provides residents with an IGA supermarket, chemists, cafes, butchers and bakeries, and as well as specialty stores such as a tobacconist, a wool shop and a clothing boutique. Just a short walk from the shopping village you will find the Elder Street Reserve, a beautiful community park with play equipment, tennis courts and an oval. These facilities are often used for football, cricket, soccer and basketball.

Watsonia is home to some outstanding schools, such as Watsonia Primary School, Greensborough College and Loyola College, an independent Catholic school. It is also only a short distance away from the Bundoora campus of La Trobe University. Its flourishing natural backdrop makes Watsonia a perfect location for growing young families, students and professionals looking for a quiet escape only thirty minutes from the city.

watsonia Demographic Data

$ 500,000 Median House Price

29 Minutes Average Commute

38 Median Age

5,146 Population

52.23 % Female

47.77 % Male

1408 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in watsonia, Victoria.

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watsonia Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

watsonia Median House Prices

  • 2008 $ 346,000
  • 2009 $ 400,000
  • 2010 $ 432,000
  • 2011 $ 505,000
  • 2012 $ 500,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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watsonia 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in watsonia have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term watsonia property price predictions.

watsonia Market Property Types

  • 86 % Seperate House
  • 7 % Semi Detached
  • 7 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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watsonia Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

watsonia Income & Mortgage Stats

  • $ 1,170 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in watsonia

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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watsonia Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

watsonia Sold Property Prices

watsonia Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

watsonia Related Local Blog Posts

Melbourne Property Market Update – May 23rd, 2015

This week we look into apartment developments in Melbourne and why many of the apartments are being described as “dog boxes”. Martin North discusses the potential impact of investor loans and we find out the latest design trends for kitchens and bathrooms.

Property, Shares and Confidence

There is an old saying in investment- if something sounds too good to be true then it probably is. So, what’s the catch? Pete Wargent analyses current real estate property and share market confidence and gives his view on property bubble predictions.

Property Related Tax Revenue Moves Beyond The $40 Billion Mark

Will there ever be a move away from property stamp duty in Victoria or is the revenue just too valuable to state and local governments? Cameron Kusher from CoreLogic RP Data gives an insightful report on the record 2013-2014 $40.485 billion taxation revenue collected by state and local governments from property related sources.

Melbourne Property Market Update – May 16th, 2015

This week we take a look at the impact reality TV has on home and investment renovations. Are we wasting time and money on DIY? We discuss foreign real estate property investment in Australia and we find out if there is a very real possibility of home owners being affected by any future macroeconomic shocks.

Pay Rises Slacken Further

Are your household finances going backwards? Real estate housing prices are rising strongly (especially in some centres) but incomes are going backwards. Martin North of Digital Finance Analytics reports on the current pay rise trends nationally and compares them with the trends in the early 2000′s.

When it comes to property, know your ‘why’

Why invest in the real estate property market if not to make money? Sharon Fox-Slater gives a fascinating insight into what prompts a lot of people into property investment and, you will be surprised to know, that money is not always the motivating factor.

watsonia Restaurants

  • Pedro's Pizza Cafe & Bar5 Watsonia Rdwatsonia VIC 308703 9435 3433
  • Lime 'n' ChilliShop 11/78 Nepean Stwatsonia VIC 308703 8407 3236
  • Da Vinci's Pizza Gallery361 Greensborough Roadwatsonia VIC 308703 9434 3637

watsonia Cafes

  • The Purple Cow EateryShop 11/78, Nepean Streetwatsonia VIC 308703 9434 4106
  • Citrus Tart Cafe2d Lambourn Roadwatsonia VIC 308703 9435 1507
  • Pedro's Pizza Cafe & Bar5 Watsonia Roadwatsonia VIC 308703 9435 3433

watsonia Schools

  • Loyola College325 Grimshaw Streetwatsonia VIC 3087(03) 9434 4466Catholic Secondary School
  • Watsonia Primary School240 Nell Streetwatsonia VIC 3087(03) 9435 2917State Primary School
  • Watsonia Heights Primary School61 Henry Streetwatsonia VIC 3087(03) 9435 4617State Primary School

watsonia Childcare

  • Watsonia Childrens Centre21 Knight Streetwatsonia VIC 3087

watsonia Kindergarten and Preschools

  • Delta Road Preschool15 Delta Roadwatsonia VIC 3087
  • Watsonia North Preschool68 Macorna Streetwatsonia VIC 3087
  • Watsonia Preschool19 Crellin Crescentwatsonia VIC 3087

watsonia Sporting Centres and Clubs

  • Greensboroughwatsonia VIC 3087Baseball Club
  • Diamond Valley Cubswatsonia VIC 3087Football Club
  • Elder Street Reservewatsonia VIC 3087Tennis Club & Courts

Find out How Much your House is Worth in watsonia

Request a free market Basic Report for watsonia to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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