Suburb Profile Report for Watson ACT (2602)

Watson House: Median price $720,000, Annual capital growth 4.72%, Number of sales 75, Weekly median advertised rent $480

Watson Unit: Median price $350,000, Annual capital growth 2.04%, Number of sales 81, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Watson has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.68%

If we look at median property appreciation over just the last three months, Watson has given property investors a paper return of 1.48%. This puts Suburb as 41 on a list of fastest fasting appreciating suburbs in ACT

Watson, 2602 is offering ACT ‘s 51th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this ACT.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

With the median price for a house in Watson being $720000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.47%

Watson is in the bottom 30% in ACT when comparing median price capital growth over the last year. Watson gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.51%.

Watson,2602 has offered an average of -2.51% return per annum in house price rises to property investors over the last three years.

Watson, 2602 is offering ACT ‘s 18th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

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
$720,000 $350,000
1.48% 0.00%
8.68% -2.51%
4.72% 2.04%
$480 $380
75 81
3.47% 5.65%
46.8 95.44

Source: CoreLogic

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