Market snapshot
Suburb insights for Watsonia3087
Change suburbWatsonia is located 16 km north-east of the CBD. Located in the outer north-east of metropolitan Melbourne Watsonia is primarily a residential suburb. There is a small commercial area focused around the railway station. The suburb also features a number of parks such as the Gabonia Ave A.K. Line Aminya and Elder Street Reserves and the Diamond Village Shopping Centre. Like a number of suburbs in this part of Melbourne the population has decreased and aged significantly over the 1981-1996 period.
Sales data
Median sale price
$955k
Quarterly price change
5.2%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Watsonia | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | $937,000 | $807,500 |
| 4 | $1,076,000 | $950,000 |
| Insight | Watsonia | Metro comparison |
|---|---|---|
| Clearance rate | 85% | 73.3% |
| Days on market | 27.5 | 42 |
Rental data
Median weekly rent
$530
Rental yield
2.9%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Watsonia | Metro comparison |
|---|---|---|
| 2 | $510 | $560 |
| 3 | $525 | $550 |
| 4 | - | $595 |
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