Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
VIC › Watsonia › Gabonia Ave
$800,000
Last sold
12 Apr 2025
3
Bedrooms
1
Bathrooms
3
Car spaces
588 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$800,000
12 Apr 2025 · derived via latest_sale
Local land rate: recorded House sales in Watsonia (last 5 years) with land size have a median of $1,709/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Vs Watsonia
-19.0%
Median sale
Suburb $987,500
+0.67 pp
Gross yield
Suburb 2.84%
Suburb median $987,500 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $540/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White BundooraLocated in the heart of Watsonia, this charming home exudes warmth and character. The elevated facade sets the tone and from the moment you step inside you're greeted with a light filled lounge and a lovely open space.
The updated kitchen boasts stone bench tops, all while overlooking a bright meals area.
Add to this 3 bedrooms, 2 with BIRs, updated bathroom, separate toilet, ducted heating, air conditioning, floating floors, 2 garden sheds, 15 solar panels (6.6kW - Annual Production 7488kW), EV ready point, plus ample car accommodation.
If you like to entertain, the backyard will be the envy of all your friends and family. Beautifully landscaped and boasting a lovely solar heated in-ground pool along with a gazebo to sit back and enjoy the warm weather, this tropical oasis will take your mind away from the daily grind while only minutes from every possible amenity you can ask for.
Further to this you have ample car accommodation along with the bonus of a second driveway and parking spot which is perfect for a work truck or even caravan.
With development potential (STCA) and a location second to none with schools, shops and transport at arm's length, the sky's the limit with this gem in the heart of it all.
Land size: 588sqm approx.
Deposit: 10% of Purchase Price
Preferred Settlement: 30/60 Days
Rental Appraisal: $500 - $550 per week
Nearest Schools: Loyola College, Watsonia Heights Primary School, Watsonia Primary School
Nearest Shops: Watsonia Shops, Greensborough Plaza, Diamond Village Shopping Centre
Nearest Transport: Train (Watsonia Station), Bus (Elder Street, Greensborough Road)
Listing description written by Nick Ristevski, Ray White Bundoora — reproduced as published, not verified by Districts.