Regional town remains resilient despite COVID-19
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Property investors have seen a 2.05% 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 $745,000
Profits averaged 2.99% 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 $540 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.77%.
An average of 7 real estate transactions take place per month in WATSON which translates to 84 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $745,000 | $353,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.05% | -0.84% |
| Median 12 month | -1.32% | -3.62% |
| Median 3 years | 8.96% | -9.25% |
| Median 5 years | 20.4% | -14.94% |
| 10 years average annual | 3.38% | -0.84% |
| Weekly media advert. rent | $540 | $430 |
| Time on Market | 65.0 days | 70.3 days |
| Gross Rental Yield Percent | 3.77% | 6.33% |
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