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Property investors have seen a -1.81% drop in WATSON based on a decrease 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 $746,250
Profits averaged 4.33% 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 $570 based on current median home prices for the suburb.
The gross rental yield in WATSON, 2602 is 3.97%.
An average of 6.83 real estate transactions take place per month in WATSON which translates to 82 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $746,250 | $360,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.81% | 0% |
| Median 12 month | -0.5% | -5.26% |
| Median 3 years | 12.98% | -29.41% |
| Median 5 years | 24.38% | -15.29% |
| 10 years average annual | 3.98% | -0.13% |
| Weekly media advert. rent | $570 | $430 |
| Time on Market | 67.0 days | 69.5 days |
| Gross Rental Yield Percent | 3.97% | 6.21% |
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