At number 1398th in the list of Australian suburbs ordered by increase in median house value over the last year, Watson, 2602 is in the top 40% with a property value increase of 2.39% recorded in median house prices.
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.
Vendor discounting in Watson is giving property investors an average Vendor Discount of around -9.79%. This puts suburb at number 3rd in ACT when ranking the most discounted suburbs.
At number 1410 in a list of fastest selling suburbs, Watson is in the TOP 40% of suburbs in Australia with an average of days on market 67.4375 for properties listed there.
Watson, 2602 ranked 55th in ACT when comparing growth in median property values or capital gain over the last 12 months. Watson is one of 126 in our list for ACT
While Watson,2602 ranked number 36th in ACT for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.
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 -3.08% is being offered, which puts this ACT suburb at 980th most discounted overall in Australia.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
Watson is 10th on a list of best yielding suburbs for rents in ACT with a 6.09% return