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.
Property investments in WATSON did not fare well against the rest of the country last year, registering a median home price decrease of 2%.
Figures from the previous quarter show that capital gains for real estate buyers in WATSON are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WATSON, homes and units usually stay on listing for an average of 69.0 days.
the ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $357,000
Investors saw the median home price rise to $357,000.
WATSON ranks 13th on the list of best yielding suburbs for rental properties in ACT, posting a 5.68% return.
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