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City of Banyule

Watsonia

Watsonia Property Market
& Suburb Profile

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MEDIAN PRICES IN WATSONIA

Median house price

(all agencies, last 12 months)$963k*

House price change

(all agencies, last 12 months)+0.31%

Median unit price

(all agencies, last 12 months)$740k*

Unit price change

(all agencies, last 12 months)-7.5%

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

WATSONIA price TRACKER

HousesUnits

Watsonia sales overview

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)37

Auction clearance rate in Watsonia

(all agencies, last 12 months)50%

Average held period in Watsonia

(proptrack)15 years

Watsonia Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$600pw

House rental price change

(all agencies, last 12 months)0.07%

Median rental price for Units

(all agencies, last 12 months)$540pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.18%

Average rental yield for Units

(all agencies, last 12 months)4%

Watsonia total population size

(as at the last census)5,352

Median household size in Watsonia

(as at the last census)2.5

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

Watsonia property types

  • Houses 47%
  • Units 19%
  • Other 34%

OCCUPANCY in Watsonia

  • Owned 68%
  • Rented 30%
  • Other/Not Stated 2%
  • Singles 27%
  • Families 70%
  • Other 4%

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About Watsonia

Watsonia is an incredibly popular and family-friendly residential suburb situated approximately 16 kilometres northeast of the Melbourne CBD, highly valued for its exceptional connectivity, abundant green space, and strong, self-contained community spirit.

The suburb is defined by its peaceful, leafy streets and a housing market that features established detached houses on good-sized blocks, increasingly complemented by modern townhouse and unit developments that cater perfectly to downsizers and first-home buyers.

At the heart of the community is the charming Watsonia Village shopping strip, which provides a convenient selection of cafes, local eateries, and essential services, fostering a genuine neighbourly atmosphere, while the massive retail offerings of Greensborough Plaza are only minutes away.

Connectivity is a major strength for commuters, with the suburb boasting its own Watsonia Train Station on the Hurstbridge Line, offering a direct and reliable rail journey to the city, alongside easy access to major arterials like the Metropolitan Ring Road.

Education is well-serviced by local primary schools, including Watsonia Primary School, and the highly regarded Loyola College, which adds to the suburb’s strong appeal for families.

With expansive parklands such as Binnak Park and the nearby Gresswell Forest providing ample sporting grounds and recreational trails, Watsonia maintains a perfect balance between suburban tranquillity and essential urban amenity, making it a stable and highly sought-after location for both owner-occupiers and investors.

Education

Loyola College
Watsonia Primary School
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Sales Comparison

Find out how Watsonia median sales prices compare to neighbouring suburbs.

Watsonia MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202599$851,5000.31%118$570pw3.59%
2024119$872,50010.73%121$544pw3.55%
202387$800,750-3.17%121$512pw3.35%
202279$800,750-5.89%158$456pw3.19%
2021155$854,41721.44%134$419pw2.66%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202599$851,500+0.31%
2024119$872,500+10.73%
202387$800,750-3.17%
202279$800,750-5.89%
2021155$854,417+21.44%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025118$570pw3.59%
2024121$544pw3.55%
2023121$512pw3.35%
2022158$456pw3.19%
2021134$419pw2.66%

PROUDLY SERVICING Watsonia

Barry Plant
Bundoora

Browse more suburbs

Bundoora

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NEWS & INSIGHTS

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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.