If you compare the increase in value of investment property in Watson, 2602 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -2.85%.
Taking the average capital gain, or increase in median house value, Watson,2602 has racked up an average of -2.85% over the period. This ranks it number 1902th in the whole country for real estate investors looking at median house price increases.
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 -2.67% is being offered, which puts this ACT suburb at 2258th most discounted overall in Australia.
Residents and property investors in Watson have been waiting around 74.2927 days to sell a property.
A $580 per week rent on the median house gives suburb investors a gross yield of circa 4.16%, without taking into account capital value appreciation, which has been averaging out at 5.08%.
Over the last year, property investments in Watson, 2602 have given investors a capital gain of 1.67%. This compares badly with the 3.97% for ACT as a whole.
Comparing Watson,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Watson is giving property investors an average Vendor Discount of around -3.14%. This puts suburb at number 7th in ACT when ranking the most discounted suburbs.
Watson is 6th on a list of best yielding suburbs for rents in ACT with a 6.27% return