Suburb Profile
Watson - FREE SUBURB PROFILE REPORT POSTAL CODE: ACT,2602
Property investors have seen a 4.14% 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 $755,000
Profits averaged 7.76% 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 $550 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.79%.
An average of 5 real estate transactions take place per month in WATSON which translates to 60 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $755,000 | $357,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.14% | 0.56% |
| Median 12 month | 7.86% | 2% |
| Median 3 years | 23.27% | -12.79% |
| Median 5 years | 34.82% | 7.3% |
| 10 years average annual | 5.47% | 1.84% |
| Weekly media advert. rent | $550 | $390 |
| Time on Market | 52.1 days | 69.0 days |
| Gross Rental Yield Percent | 3.79% | 5.68% |
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