With a capital gain of 16.16% for the last 12 months, Fawkner, 3060 has performed for property investments than its average annual 9.69% property growth over the last 5 years.
Fawkner,3060 was ranked 726 in Australia by increase in median property value over the quarter.
Property buyers and investors in Fawkner 3060 should be seeing an average reduction in asking price of around -2.84% . This means that Fawkner is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $380 mark per week – giving a return of 3.04% based on the median price in Suburb
Property value increases in Fawkner have tracked just higher than the VIC average of 4.90% over the last 12 months.
Over the longer term, Fawkner has seen property prices show investors a 40.13% return over the last 3 years. This is worse than over the last 12 months
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 Fawkner, 3060. Typically our figures indicate that -4.63% is being offered, which puts this VIC suburb at 806th most discounted overall in Australia.
Fawkner is 173th on a list of best yielding suburbs for rents in VIC with a 4.14% return