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All About Watsons Creek, Nillumbik, VIC, 3097

Household Makeup

Median Weekly Rent $376.00
Median Monthly Mortgage $2500.00
Median Persons Per bed houseroom 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
Typical 3 bed house$1,363,000
Typical 5 bed house$2,012,000
Typical 6 bed+ house$2,723,000

Housing Stock

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Watsons Creek Real Estate Market Outlook

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.

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.

Instant Property Valuation

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

30-04-2024 $375,000 8 Den Mountain Road
27-06-2022 $30,000 17 Watsons Creek-Tilmunda Road
14-06-2022 $130,000 476 Roseneath Road
20-05-2022 $1,250,000 471 Watsons Creek-Tilmunda Road
13-01-2022 $585,000 2202 Watsons Creek Road
19-11-2021 $540,000 114 Hazelglen Road
18-11-2020 $261,000 184 Glen Barra Road
28-10-2020 $260,000 220 Glen Barra Road
05-08-2020 $546,666 2418 Watsons Creek Road
22-03-2018 $120,000 184 Glen Barra Road
31-07-2017 $350,000 219 Glen Barra Road
15-02-2017 $1,280,000 1049 Bungendore Spur Road
17-10-2016 $590,000 471 Watsons Creek-Tilmunda Road
23-09-2016 $260,000 2300 Watsons Creek Road
18-07-2016 $700,000 120 Hazelglen Road
25-05-2016 $16,000 512 Watsons Creek-Tilmunda Road
04-11-2014 $950,000 2113 Watsons Creek Road
26-08-2014 $60,000 500 Watsons Creek-Tilmunda Road
08-10-2013 $155,000 1434 Bungendore Spur Road
14-08-2013 $115,000 10 Watsons Creek-Tilmunda Road
12-07-2013 $275,000 153 Watsons Creek-Tilmunda Road
21-02-2013 $283,000 109 Watsons Creek-Tilmunda Road
12-08-2010 $70,000 476 Roseneath Road
22-01-2010 $315,000 2201 Halls Creek Road
24-01-2006 $80,000 138 Glen Barra Road
09-09-2005 $340,000 2418 Watsons Creek Road
25-07-2005 $282,500 2202 Watsons Creek Road
27-05-2005 $190,000 109 Watsons Creek - Tilmunda Road
10-12-2004 $55,000 10 Watsons Creek - Tilmunda Road



Nearby Suburbs

Panton HillKangaroo GroundBend Of IslandsSmiths GullyChristmas HillsHurstbridgeWattle GlenCottles BridgeNorth WarrandyteWonga Park

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