Property investors have seen a 3.62% 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 $716,000
Profits averaged 7.19% 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 $477.5 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.47%.
An average of 5.92 real estate transactions take place per month in WATSON which translates to 71 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $716,000 | $350,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.62% | -2.78% |
| Median 12 month | 8.48% | -3.65% |
| Median 3 years | 21.56% | -2.36% |
| Median 5 years | 28.72% | 3.89% |
| 10 years average annual | 5.02% | 1.91% |
| Weekly media advert. rent | $477.5 | $370 |
| Time on Market | 49.0 days | 94.5 days |
| Gross Rental Yield Percent | 3.47% | 5.5% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...