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Suburb Insights ยท VIC 3087

Watsonia 3087, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Watsonia is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 5,352, making it a smaller community. Located approximately 16 km from the Melbourne CBD, Watsonia is a middle ring area in Victoria. The median household income is $97,916 AUD per year (ABS 2021 Census).

Investment Score

69 / 100 Good

Watsonia benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Watsonia, Victoria, Australia.

Key Indicators

Postcode
3087

Official Australia Post postcode for Watsonia. A postcode may cover multiple suburbs.

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Population
5,352

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$385/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$97,916/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
16 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,019/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
81% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Watsonia's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $385/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,019/month. The median household income of $97,916/year reflects a solid demographic, supporting sustainable rental demand. 81% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Watsonia is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Watsonia's current market.

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Renovation / Flip

Limited buyer depth in Watsonia makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

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Full Property Analysis

30-year projections for Watsonia

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

Watsonia is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Watsonia have options โ€” presenting well-maintained properties is key to minimising vacancy. Watsonia offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Watsonia a good suburb for investment?

Watsonia is a middle ring area in Victoria with a population of 5,352. The median rent is $385/week and the median household income is $97,916/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Watsonia?

Key demand drivers in Watsonia include established amenities and transport access. 81% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Watsonia?

According to the ABS 2021 Census, Watsonia has a population of approximately 5,352. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Watsonia from the Melbourne CBD?

Watsonia is approximately 16 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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