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Shire of Nillumbik

Watsons Creek

Watsons Creek Property Market
& Suburb Profile

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WATSONS CREEK price TRACKER

Houses

Watsons Creek Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$853pw

House rental price change

(all agencies, last 12 months)0.08%

Average rental yield for Houses

(all agencies, last 12 months)2.71%

Watsons Creek total population size

(as at the last census)58

Median household size in Watsons Creek

(as at the last census)3.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

OCCUPANCY in Watsons Creek

  • Owned 62%
  • Rented 0%
  • Other/Not Stated 38%
  • Singles 24%
  • Families 57%
  • Other -10%

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About Watsons Creek

Watson Creek is a highly exclusive and tranquil rural locality situated approximately 31 kilometres north-east of the Melbourne CBD, offering a serene, low-density lifestyle that appeals strongly to families and professionals seeking space, privacy, and an intimate connection with nature.

This small residential area is defined by its pristine bushland setting, high rate of owner-occupation, and its location within the Watsons Creek Catchment, which is renowned for containing some of peri-urban Melbourne's most intact remnant native vegetation and serving as a critical habitat corridor for threatened fauna like the Powerful Owl and Platypus.

The housing stock consists predominantly of spacious, high-value residences and acreage properties, with the area boasting a premium feel due to its proximity to the Middle Yarra River Valley and the peaceful atmosphere made famous by the Heidelberg School of painters.

While there is minimal commercial activity within the immediate locality, residents enjoy a strong community spirit, and benefit from the full amenities, popular shops, cafes, and direct rail connectivity of nearby major hubs like Hurstbridge and Eltham, which are just a short drive away.

For investors and lifestyle buyers, Watson Creek represents a unique, blue-chip market where the immense value is placed on its unspoiled natural environment, commitment to conservation, and highly desirable low-density zoning, ensuring enduring prestige and stable demand for its exclusive properties.

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Watsons Creek MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20250-no change0$853pw2.71%
20240-no change0$800pw2.72%
20230-no change0$722pw2.48%
20220-no change0$667pw2.33%
20211$1,550,0002.65%0$636pw2.19%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20250-no change
20240-no change
20230-no change
20220-no change
20211$1,550,000+2.65%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20250$853pw2.71%
20240$800pw2.72%
20230$722pw2.48%
20220$667pw2.33%
20210$636pw2.19%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.