At number 1256th in the list of Australian suburbs ordered by increase in median house value over the last year, Fisher, 2611 is in the top 40% with a property value increase of 11.19% recorded in median house prices.
A 15.78% growth in median value for property investors in Fisher,2611 puts this suburb at number 32th in terms of best performing suburbs in ACT
The most recent median price for Fisher is $631000, with sellers offering an average of -1.32% off the asking price.
At number 475 in a list of fastest selling suburbs, Fisher is in the TOP 20% of suburbs in Australia with an average of days on market 44.69 for properties listed there.
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.