Suburb Profile Report for Watson ACT (2602)

Watson House: Median price $752,500, Annual capital growth 5.55%, Number of sales 102, Weekly median advertised rent $560

Watson Unit: Median price $367,000, Annual capital growth -0.07%, Number of sales 84, Weekly median advertised rent $450

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

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Watson has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 1.69% to date .

A 16.13% growth in median value for property investors in Watson,2602 puts this suburb at number 43th in terms of best performing suburbs in ACT

The most recent median price for Watson is $752500, with sellers offering an average of -7.92% off the asking price.

Often selling an investment property can take time, and in Watson the average time real estate has been on the market is 67.2286 days.

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

Watson has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.09% to date .

While Watson,2602 ranked number 42th in ACT for increase in median house value (annualised) increase, it is ranked 51th over the last 5 years.

Property buyers and investors in Watson 2602 should be seeing an average reduction in asking price of around -2.80% . This means that Watson is holding prices well when compared to other suburbs in ACT.

Often selling an investment property can take time, and in Watson the average time real estate has been on the market is 54.9535 days.

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
$752,500 $367,000
2.38% 0.55%
1.69% 3.09%
5.55% -0.07%
$560 $450
102 84
3.87% 6.38%
67.2285714285714 54.953488372093

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very 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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