ACT has seen average median house prices change by 8.60% which means that Watson, 2602 has done well for property investors by showing a capital gain of 6.25% over the last year
Across a shorter period, Watson, 2602 has seen a median price increase of 0.35% over the last quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.40% offered to property buyers. Sellers in Watson itself are offering an average vendor discount of -1.92% to real estate investors.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 4.94%.
With a capital gain of -3.51% for the last 12 months, Watson, 2602 has performed for property investments than its average annual 2.18% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Watson,2602 has racked up an average of -3.51% over the period. This ranks it number 1628th 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 -3.80% is being offered, which puts this ACT suburb at 1070th most discounted overall in Australia.
Watson is 7th on a list of best yielding suburbs for rents in ACT with a 5.64% return