Property investors have seen a 0.35% 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 $722,500
Profits averaged 6.64% 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 $500 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.6%.
An average of 5.67 real estate transactions take place per month in WATSON which translates to 68 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.25%||-3.51%|
|Median 3 years||19.92%||-16.55%|
|Median 5 years||28.44%||6.89%|
|10 years average annual||4.94%||2.18%|
|Weekly media advert. rent||$500||$380|
|Time on Market||47.0 days||93.8 days|
|Gross Rental Yield Percent||3.6%||5.64%|