Suburb Profile Report for Watson ACT (2602)

Watson House: Median price $700,000, Annual capital growth 5.29%, Number of sales 72, Weekly median advertised rent $475

Watson Unit: Median price $350,000, Annual capital growth 1.92%, Number of sales 82, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Watson have tracked close to the ACT average of 6.96% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Watson comes in at number 38th in ACT.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Watson, 2602. Typically our figures indicate that -1.92% is being offered, which puts this ACT suburb at 3671th most discounted overall in Australia.

A $475 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 5.29%.

With a capital gain of -9.56% for the last 12 months, Watson, 2602 has performed for property investments than its average annual 1.92% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Watson has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Watson, 2602. Typically our figures indicate that -4.40% is being offered, which puts this ACT suburb at 928th most discounted overall in Australia.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.92%, investors should hope to achieve an overall return of 5.50%

Information supplied by:


March 2017

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Full summary

Median unit price: $330,000

Rental yield: 5.83%

Named for the third Prime Minister of Australia, the suburb of Watson is tucked into the North Canberra region. Unit prices in this area have boosted slightly over the past 12 months, but it’s the yields on offer than investors are most excited about.

The median price went up by 1.5%, and rent rates saw a considerable increase of nearly 6%. This has allowed investors and landlords to reap significant returns of 5.8%. Increasing interest from tenants has also helped drive the average vacancy rate down from 2.72% in 2015 to 2.14% in November 2016. 

Watson is situated around 7km from the city of Canberra, and one of its boundaries is the Federal Highway. There is a shopping centre in the suburb, along with media studios. There are also several schools, including the Academy of Interactive Entertainment, a Catholic primary school and the Signadou campus of the Australian Catholic University. Majura Primary School is known for its yearly Spring Carnival.

Close
Metrics i HOUSE UNIT
$700,000 $350,000
4.95% -4.11%
6.06% -9.56%
5.29% 1.92%
$475 $370
72 82
3.53% 5.50%
48.03 94.32

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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