Suburb Profile Report for Watson ACT (2602)

Watson House: Median price $755,000, Annual capital growth 4.93%, Number of sales 83, Weekly median advertised rent $550

Watson Unit: Median price $365,000, Annual capital growth -0.40%, Number of sales 67, Weekly median advertised rent $425

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Watson have tracked close to the ACT average of 4.34% over the last 12 months.

Watson,2602 has offered an average of 1.74% return per annum in house price rises to property investors over the last three years.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.93%, investors should hope to achieve an overall return of 3.79%

Giving property investors a an average capital gain of 0.41% for the last year, Watson, 2602 is the 684th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Watson comes in at number 52th in ACT.

Our latest figures would indicate that property sellers in Watson are currently offering property investors an average price cut of -2.04% below the asking price at the moment.

The ACT suburb of Watson, 2602 is in the Unincorporated ACT local government area.

Information supplied by:


July 2018

M
O

W
E

Unit market bounces back

Postcode: 2602

Median unit price: $357,500

Three-year growth: -14.9%

Rental yield: 5.7%

Named for Australia’s third prime minister, the suburb of Watson has been on something of a losing streak since 2015.

In the period of April 2017-2018, unit prices fell by 1.4%, although there was a slight recovery in the quarter to April 2018. As a result, the median value comes in at just over $350,000. Given its proximity to the Canberra CBD, a 15-minute drive away, this makes Watson a great, budget-friendly option considering how Canberra is one of the most expensive markets nationally. Investors can also reap rental returns of 5.7% on average.

Gazetted in 1960, Watson is home to the Canberra Technology Park and the Academy of Interactive Entertainment. Several schools are located here, including Rosary Catholic Primary School, Majura Primary School and the Australian Catholic University’s Signadou campus.

Metrics i HOUSE UNIT
$755,000 $365,000
-0.07% -10.50%
1.74% 0.41%
4.93% -0.40%
$550 $425
83 67
3.76% 6.03%
58.52 56.12069

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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