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Watson
AREA REPORTS

Watson

Watson - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2602

house
unit

Property investors have seen a 17.24% gain in WATSON based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on WATSON, 2602 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 39.44%.

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 $1,020,000

Profits averaged 11.4% 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 $625 based on current median home prices for the suburb.

The gross rental yield in WATSON, 2602 is 3.19%.

An average of 7 real estate transactions take place per month in WATSON which translates to 84 per annum.

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.

Data report can be found below

Watson
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,020,000 $465,000
GROWTH REPORT
Median Quarterly 17.24% 3.33%
Median 12 month 39.44% 26.7%
Median 3 years 34.21% 24%
Median 5 years 48.69% 4.49%
10 years average annual 6.53% 3.34%
Weekly media advert. rent $625 $470
Time on Market 33.6 days 55.2 days
Gross Rental Yield Percent 3.19% 5.26%
demographics (median values)*
Total Population
30450
Weekly Household Income
1930
Household Size
2.40
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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