Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Property investors have seen a 0% 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 $750,000
Profits averaged 2.38% 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 $550 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.81%.
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 | $750,000 | $366,250 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0.34% |
| Median 12 month | 0.5% | 1.88% |
| Median 3 years | 7.14% | 3.17% |
| Median 5 years | 22.45% | -8.21% |
| 10 years average annual | 5.43% | 0.46% |
| Weekly media advert. rent | $550 | $440 |
| Time on Market | 68.6 days | 67.9 days |
| Gross Rental Yield Percent | 3.81% | 6.25% |
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