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Property investors have seen a 2.07% 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 $776,250
Profits averaged 6.35% 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 $530 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.55%.
An average of 6.42 real estate transactions take place per month in WATSON which translates to 77 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $776,250 | $380,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.07% | -13.44% |
| Median 12 month | 9.72% | 8.6% |
| Median 3 years | 19.06% | -7.17% |
| Median 5 years | 35% | 2.73% |
| 10 years average annual | 4.76% | 0.53% |
| Weekly media advert. rent | $530 | $415 |
| Time on Market | 40.1 days | 50.0 days |
| Gross Rental Yield Percent | 3.55% | 5.68% |
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