diff --git a/param/parameterized.py b/param/parameterized.py
index 478b44012..06a9af168 100644
--- a/param/parameterized.py
+++ b/param/parameterized.py
@@ -3033,12 +3033,11 @@ def __init__(mcs, name, bases, dict_):
         for name, method, dinfo in dependers:
             watch = dinfo.get('watch', False)
             on_init = dinfo.get('on_init', False)
-            if not watch:
-                continue
             minfo = MInfo(cls=mcs, inst=None, name=name,
                           method=method)
             deps, dynamic_deps = _params_depended_on(minfo, dynamic=False)
-            _watch.append((name, watch == 'queued', on_init, deps, dynamic_deps))
+            if watch:
+                _watch.append((name, watch == 'queued', on_init, deps, dynamic_deps))
 
         # Resolve dependencies in class hierarchy
         _inherited = []
diff --git a/tests/testparamdepends.py b/tests/testparamdepends.py
index e7aa2f8b3..09f086f03 100644
--- a/tests/testparamdepends.py
+++ b/tests/testparamdepends.py
@@ -1160,6 +1160,32 @@ def __len__(self):
         p.x = 1
         assert count == 1
 
+    def test_param_depends_subobject_before_super_init(self):
+        count = 0
+
+        class X(param.Parameterized):
+            p = param.Parameter()
+
+        class Y(param.Parameterized):
+
+            def __init__(self, **params):
+                self.x = X()
+                super().__init__(**params)
+
+            # Check that creating this class doesn't error when resolving x.p
+            @param.depends('x.p')
+            def cb(self):
+                nonlocal count
+                count += 1
+
+        y = Y()
+        pinfos = y.param.method_dependencies('cb')
+        assert len(pinfos) == 1
+        pinfo = pinfos[0]
+        assert pinfo.inst == y.x
+        assert pinfo.cls == X
+        assert pinfo.name == 'p'
+
 
 class TestParamDependsFunction:
 
@@ -1247,17 +1273,23 @@ async def function(value):
 
 
 def test_misspelled_parameter_in_depends():
-    class Example(param.Parameterized):
-        xlim = param.Range((0, 10), bounds=(0, 100))
+    with pytest.raises(AttributeError, match="Attribute 'tlim' could not be resolved on"):
+        class Example(param.Parameterized):
+            xlim = param.Range((0, 10), bounds=(0, 100))
+
+            @param.depends("tlim")  # <- Misspelled xlim
+            def test(self):
+                return True
 
-        @param.depends("tlim")  # <- Misspelled xlim
-        def test(self):
-            return True
 
-    example = Example()
-    with pytest.raises(AttributeError, match="Attribute 'tlim' could not be resolved on"):
-        # Simulating: pn.panel(example.test)
-        example.param.method_dependencies(example.test.__name__)
+def test_misspelled_parameter_in_depends_non_Parameter():
+    with pytest.raises(AttributeError, match="Attribute 'foo' could not be resolved on"):
+        class Example(param.Parameterized):
+            foo = 1
+
+            @param.depends("foo")  # <- Not a Parameter
+            def test(self):
+                return True
 
 
 def test_misspelled_parameter_in_depends_watch():