Property investors who have had real estate in Fisher, 2611 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.40%
Fisher,2611 has offered an average of 10.40% return per annum in house price rises to property investors over the last three years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.98% offered to property buyers. Sellers in Fisher itself are offering an average vendor discount of -1.32% to real estate investors.
The ACT suburb of Fisher, 2611 is in the Unincorporated ACT local government area.
If we look at median property appreciation over just the last three months, Fisher has given property investors a paper return of -2.05%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in ACT
Despite the popularity of unit construction thus far, the suburb of Fisher has, on the contrary, seen its supply of houses shoot up in the past 12 months.Full summary
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Demand overcomes new supply influx in Weston Creek suburb
Median house price: $625,500
Stock on market: 200%
12-month growth: 15.57%
Despite the popularity of unit construction thus far, the suburb of Fisher has, on the contrary, seen its supply of houses shoot up in the past 12 months. And unlike other suburbs that have seen prices drop with a rise in supply, the opposite is true for Fisher – house values here shot up by nearly 16% in that period.
This continues the pattern of growth Fisher has been following throughout the recent five-year period. Vendor discount rates are incredibly low at an average of just 0.8%, suggesting that demand is more than enough to swallow up the new supply.
One factor in Fisher’s popularity among buyers is its proximity to Canberra. The capital is roughly 15 minutes away from the suburb via Tuggeranong Parkway. Moreover, buses run from the suburb to Canberra.