Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
Property investors have seen a -1% drop in WATSON based on a decrease 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 $742,500
Profits averaged 3.88% 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 $570 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.99%.
An average of 6.75 real estate transactions take place per month in WATSON which translates to 81 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $742,500 | $359,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1% | -0.83% |
| Median 12 month | -2.3% | -18.11% |
| Median 3 years | 11.65% | -31.52% |
| Median 5 years | 23.75% | -16.4% |
| 10 years average annual | 3.72% | 1.22% |
| Weekly media advert. rent | $570 | $427.5 |
| Time on Market | 71.5 days | 69.5 days |
| Gross Rental Yield Percent | 3.99% | 6.18% |
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