Suburb Profile
Watson - FREE SUBURB PROFILE REPORT POSTAL CODE: ACT,2602
Property investors have seen a 2.76% gain in WATSON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WATSON, 2602 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 11.69%.
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 $745,000
Profits averaged 6.88% 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 $540 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.77%.
An average of 5.5 real estate transactions take place per month in WATSON which translates to 66 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $745,000 | $357,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.76% | 0.7% |
| Median 12 month | 11.69% | -1.38% |
| Median 3 years | 20.65% | -14.88% |
| Median 5 years | 33.04% | 7.23% |
| 10 years average annual | 5.49% | 1.89% |
| Weekly media advert. rent | $540 | $390 |
| Time on Market | 46.4 days | 77.7 days |
| Gross Rental Yield Percent | 3.77% | 5.67% |
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