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Watsonia suburb profile

Watsonia is a leafy, well-established suburb in Melbourne's north-east centred around a compact shopping strip beside the railway station. Its streets are dominated by post-war weatherboard cottages and brick bungalows with pockets of newer townhouses and low-rise infill, creating a mixed but cohesive streetscape. The area appeals to families, commuters and downsizers who value a quieter suburban pace with everyday convenience, including local parks, sports ovals, community facilities and neighbourhood cafés and shops. Public transport is handy thanks to Watsonia station on the Hurstbridge line, and major roads provide straightforward connections to the wider metropolitan area.

Watsonia property market performance

Current median dwelling price$823,500Past 3 months

Property growth+8.4%Past 12 months

Watsonia has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. On the house side, the median house price is $938,000, up a modest 4.6% over the last 12 months. Unit values rose strongly, up 12.2% over the last 12 months, so unit values have grown more strongly than house values.

Over the last 3 months 11 houses and 2 units sold. Houses sold in a median of 26 days over the last 12 months.

The rental market in Watsonia showed solid growth. House rents averaged $600 a week, up a solid 5.3% over the last 12 months, while unit rents averaged $530 a week, up 6.0% over the same period, so rents rose at a similar pace.

HousesUnits
Median price
Past 3 months
$938KN/A
Change in value
Past 12 months
4.6%12.2%
Sold
Past 3 months
112
Median days on market
Past 12 months
26N/A
Average rent
Past 12 months
$600$530
Change in rent
Past 12 months
5.3%6.0%

5 year median price trend for houses and units

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Watsonia demographics

Families make up the heart of Watsonia's profile: couple families with children are the largest group at 45.2%, and together with couple families without children (35.7%) they account for just over four in five families (80.9%). One-parent families represent 17.8% and other families 1.4%.

The suburb is home to 5,352 people with a median age of 38. The median total household income is $1,883 a week, roughly $98,000 a year.

Homes in Watsonia are mostly owner-occupied, about 69.5% in total (33.2% owned outright and 36.3% owned with a mortgage), while 30.5% of dwellings are rented.

Suburbs near Watsonia

Some popular suburbs near Watsonia include:

  • Watsonia North: Mostly residential, known for quiet streets and neighbourhood parks.
  • Macleod: Established suburb with mature trees, parks and a suburban village feel.
  • Greensborough: Set around the Plenty River valley with expansive bushland reserves.
  • Viewbank: Elevated suburb with pockets of native bushland and spacious residential blocks.
  • Yallambie: Small, quiet suburb with a semi-rural character and riverside reserves.

How does Watsonia compare to nearby suburbs?

  • Median house prices: Watsonia’s median house price is 11.9% lower than Macleod’s.
  • Median unit prices: Watsonia’s median unit price is 3.1% higher than Macleod’s.
  • House price growth: Over the past 12 months, house prices in Watsonia have grown 4.1% higher than in Greensborough.
  • Unit price growth: Over the past 12 months, unit prices in Watsonia have grown 15.0% higher than in Macleod.
  • Selling speed for houses: Properties in Watsonia are selling 10.3% faster than in Watsonia North.
  • Investment considerations: In Watsonia, the rental yield for house is 5.4% lower than the Melbourne average, while the rental yield for units is 10.2% lower.
  • House price growth: Over the past 12 months, house prices in Watsonia have grown 3.6% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Watsonia have grown 27.7% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Watsonia

There are 33 real estate agents in Watsonia, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 41.1% of all sales in the past year.

Commission rates in Watsonia typically range from 1.54% to 2.94%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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