Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
Property investors have seen a 1.39% 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 $765,500
Profits averaged 8.46% 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 3.74%.
An average of 5.08 real estate transactions take place per month in WATSON which translates to 61 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $765,500 | $365,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.39% | 2.74% |
| Median 12 month | 6.62% | 4.43% |
| Median 3 years | 25.39% | -8.68% |
| Median 5 years | 35.73% | 6.01% |
| 10 years average annual | 4.32% | 1.5% |
| Weekly media advert. rent | $550 | $400 |
| Time on Market | 51.4 days | 54.5 days |
| Gross Rental Yield Percent | 3.74% | 5.69% |
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