ACT has seen average median house prices change by 1.70% which means that Watson, 2602 has done well for property investors by showing a capital gain of -3.29% over the last year
Over the longer term, Watson has seen property prices show investors a 8.49% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Watson is giving property investors an average Vendor Discount of around -9.03%. This puts suburb at number 2nd in ACT when ranking the most discounted suburbs.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 3.43%, investors should hope to achieve an overall return of 4.10%
Over the last year, property investments in Watson, 2602 have given investors a capital gain of -21.16%. This compares very badly with the -0.28% for ACT as a whole.
Over the longer term, Watson has seen property prices show investors a -26.25% return over the last 3 years. This is an improvement over the last 12 months
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 -3.34% is being offered, which puts this ACT suburb at 972th most discounted overall in Australia.
Situated 6.14km from the CBD, Watson is one of Unincorporated ACT localities in the postcode 2602.