At number 2711th in the list of Australian suburbs ordered by increase in median house value over the last year, Watson, 2602 is in the BOTTOM 40% with a property value increase of -2.63% recorded in median house prices.
Watson,2602 was ranked 1707 in Australia by increase in median property value over the quarter.
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 -9.80% is being offered, which puts this ACT suburb at 202th most discounted overall in Australia.
Watson is 66th on a list of best yielding suburbs for rents in ACT with a 3.86% return
Watson has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -5.75% to date .
Watson,2602 was ranked 1119 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Watson should be aiming for at least -3.96% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of -1.06%, investors should hope to achieve an overall return of 6.34%