Watson

POSTAL CODE: ACT, 2602

HOUSE

UNIT

Property investors have seen a 0.1% 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 $1,101,100

Profits averaged 0% 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 $650 based on current median home prices for the suburb.

The gross rental yield in WATSON, 2602 is 3.07%.

An average of 9.83 real estate transactions take place per month in WATSON which translates to 118 per annum.

Property investments in WATSON did not fare well against the rest of the country last year, registering a median home price decrease of -1.83%.

Figures from the previous quarter show that capital gains for real estate buyers in WATSON are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WATSON, 2602 saw average growth in the long term.

This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WATSON, homes and units usually stay on listing for an average of 71.3 days.

the ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $562,500

Investors saw the median home price rise to $562,500.

WATSON ranks 24th on the list of best yielding suburbs for rental properties in ACT, posting a 4.9% return.

Surburb overview

Watson is a suburb in Canberra, ACT, named in honour of the third prime minister of Australia, John Christian Watson. It lies on the east of the Mount Majura Nature Reserve. Watson is accessible through major motorways and roads such as the Federal Highway, Phillip Avenue and Antill Street, which separates it from the neighbouring suburb of Hackett.

Despite its subdued, provincial ambiance, Watson features ample amenities, including several retail shops, food haunts serving both international and ethnic fare, schools, and hospitals. As a rising commercial hub, Watson is home to the Canberra Technology Park, which serves as the headquarters of local and multinational companies hailing from the information technology, entertainment, digital media, and service sectors.

Accommodations and dwelling spaces

Watson has a number of hotels and motels for tourists and business travellers to choose from. Residential caravan parks are also a popular form of accommodation in Watson and Canberra, and are often located at the foothills of reserves and bushlands.

Majority of the housing stock in Watson’s property market are apartment units, houses for resale, and off-the-plan housing and land packages. Watson is a renters’ market, as most of the properties present in the suburb are for rent.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,101,100	$562,500
Growth Report
Median Quarterly	0.1%	-1.75%
Median 12 month	6.9%	-1.83%
Median 3 years	0.1%	2.27%
Median 5 years	53.12%	42.48%
10 years average annual	6%	4.06%
Weekly media advert. rent	$650	$530
Time on Market	65.8 days	71.3 days
Gross Rental Yield Percent	3.07%	4.9%

Demographics (Median Values)*

Total Population 30450

Weekly Household Income 1930

Household Size 2.40

Average Age 36

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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