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Property investors have seen a 2.33% gain in WATSON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WATSON, 2602 saw average growth in the long term.
The ACT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $770,000
Profits averaged 3.33% per annum over a 3-year period, due to an upward trend in home prices in WATSON, 2602.
This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.51%.
An average of 6.08 real estate transactions take place per month in WATSON which translates to 73 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $770,000 | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.33% | 3.4% |
| Median 12 month | 2.67% | 1.39% |
| Median 3 years | 10% | 0% |
| Median 5 years | 26.23% | -11.45% |
| 10 years average annual | 5.68% | 0.83% |
| Weekly media advert. rent | $520 | $430 |
| Time on Market | 70.2 days | 73.0 days |
| Gross Rental Yield Percent | 3.51% | 6.13% |
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