Fawkner has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.60% to date .
While Fawkner,3060 ranked number 132th in VIC for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.
The most recent median price for Fawkner is $616000, with sellers offering an average of -2.45% off the asking price.
In the last year 188 properties changed hands in Fawkner, which puts it as the 123th most active market in VIC when comparing the number of sales per suburb.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 9.28%.
Over the last year, property investments in Fawkner, 3060 have given investors a capital gain of 4.27%. This compares averagely with the 4.28% for VIC as a whole.
If we look at median property appreciation over just the last three months, Fawkner has given property investors a paper return of -0.26%. This puts Suburb as 249 on a list of fastest fasting appreciating suburbs in VIC
Fawkner3060 is located in VIC which offers an average discount of -5.03% to property investors. Fawkner itself is showing figures that indicate -4.56% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.