Suburb Profile Report for Watson ACT (2602)

Watson House: Median price $690,000, Annual capital growth 5.28%, Number of sales 66, Weekly median advertised rent $460

Watson Unit: Median price $368,750, Annual capital growth 3.06%, Number of sales 79, Weekly median advertised rent $368

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Watson is an average performer in ACT when comparing median price capital growth over the last year. Watson gave property investors a average capital gain figure when compared to the rest of the state, with 5.83%.

The five-year average increase in median property values for Watson,2602 has given property investors a potential capital gain of 20.00% across each of those five years.

At number 23th of ACT’s most discounted properties, Watson is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $5520 per annum or $460 every week.

At number 259th in the list of Australian suburbs ordered by increase in median house value over the last year, Watson, 2602 is in the top 20% with a property value increase of 13.46% recorded in median house prices.

Over the longer term, Watson has seen property prices show investors a 4.24% return over the last 3 years. This is an improvement over the last 12 months

The most recent median price for Watson is $368750, with sellers offering an average of -5.42% off the asking price.

Situated 5.57km from the CBD, Watson is one of Unincorporated ACT localities in the postcode 2602.

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Watson sits around 10km from the Canberra CBD and houses several schools, a university campus, a shopping centre and a couple of television studios. Access to the city centre is good, with Northbourne Avenue bordering the north of the suburb.Full summary

Watson sits around 10km from the Canberra CBD and houses several schools, a university campus, a shopping centre and a couple of television studios. Access to the city centre is good, with Northbourne Avenue bordering the north of the suburb. 

“Watson’s inner-north, and Canberra people go for that,” explains LJ Hooker Dickson sales agent Peter Stewart. “They love the inner suburbs. It’s close to the city, but it’s still one of the affordable inner-north suburbs.” 

He adds that this relative affordability, coupled with the suburbs excellent schools, has been drawing in families in increasing numbers. 

“North Watson tends to have quite a few units and townhouses, and there’s a brand new development that they’re constructing at the moment on the far north side of Watson called the Fair. There are around 300 new dwellings going there, and they’re brand new one-, two and three-bedroom properties,” Stewart says.

“That will attract investors, as well as first home buyers, and even some downsizers who are looking to stay in the area.” 

He cites the example of the Solstice development, which significantly increased both the number of units in the area and their median price when it came on to the Watson the market several years ago. 

Looking ahead, Stewart believes that Watson’s location and relative affordability will provide the area with sustained capital growth, citing his own buying and selling experience as a sign of the area’s strength. 

“I bought my first property in Watson – a one-bedroom unit – in 2001. I sold it at the beginning of this year and it had more than doubled in price,” he explains. 

“That’s pretty standard across the inner north in general, and I can’t see that really changing. The more they build out in Canberra, the more Watson’s going to become an ‘inner’ area.”

Close
Metrics i HOUSE UNIT
$690,000 $368,750
2.22% 2.72%
5.83% 13.46%
5.28% 3.06%
$460 $368
66 79
3.47% 5.18%
59.14 74.38

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Watson ACT
Demographics
Total population 5121
Median household income ($/weekly) 1908
Median age of persons 33
Median housing loan repayment ($/monthly) 2237
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 567 11.1
    20-24 years 418 8.2
    25-34 years 1131 22.1
    35-44 years 862 16.8
    45-54 years 666 13.0
    Others 1479 28.9
    Age Group
    Census Count Percent(%)
    Not Married 1689 44.6
    Registered Married 1514 40.0
    Defacto Relationship 584 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3580 73.2
    Indonesia 107 2.2
    Papua New Guinea 81 1.7
    United Kingdom 211 4.3
    Other 290 5.9
    Others 625 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 155 3.3
    Christianity 2388 50.8
    Hinduism 95 2.0
    Islam 61 1.3
    No Religion 1941 41.3
    Others 59 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 235 12.6
    $2,000-$2,499 202 10.8
    $2,500-$2,999 257 13.8
    $3,000-$3,499 213 11.4
    $4,000 or more 143 7.7
    Others 812 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2042 50.5
    Not in the labour force 1024 25.3
    Employed, worked part-time 680 16.8
    Employed, away from work 206 5.1
    Unemployed, looking for work 94 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 487 16.6
    Professionals 1126 38.4
    Technicians & trades workers 258 8.8
    Community & personal service workers 214 7.3
    Clerical & administrative workers 513 17.5
    Others 332 11.3
    Occupation
    Census Count Percent(%)
    Pre-school 69 5.0
    Infants/Primary 393 28.7
    Secondary 241 17.6
    Technical or Further Educational Institution 135 9.9
    University or other Tertiary Institutions 499 36.4
    Others 32 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3161 67.0
    Flat, unit or apartment 795 16.9
    Semi-detached, row or terrace house, townhouse 757 16.0
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 781 38.7
    Being purchased 734 36.4
    Fully owned 495 24.6
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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