This property is Off Market
With an average age of 42, households expect an average monthly mortgage payment of $1,950 or a weekly rent payment of $390. The average family earns a weekly income of $2,446 with a typical household size of 2.2 and a 95.26% employment rate.
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.
(Country of Birth not stated 3%)
Watsonia a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
59 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
26 / 100
32 / 100
House Prices
00 / 100
70 / 100
Jobs
33 / 100
34 / 100
Incidents Trend State Average
Watsonia Heights Primary School
Greensborough, VIC, 3088 State Prep-6
Greensborough Secondary College
Greensborough, VIC, 3088 State 7-12
St Mary's School
Greensborough, VIC, 3088 Independent Prep-6
Concord School
Bundoora, VIC, 3083 State U
Greensborough Primary School
Greensborough, VIC, 3088 State Prep-6
Bundoora Primary School
Bundoora, VIC, 3083 State Prep-6
Watsonia Primary School
Watsonia, VIC, 3087 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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