With a capital gain of 12.74% for the last 12 months, Fawkner, 3060 has performed for property investments than its average annual 8.89% property growth over the last 5 years.
The five-year average increase in median property values for Fawkner,3060 has given property investors a potential capital gain of 36.34% across each of those five years.
Our latest figures would indicate that property sellers in Fawkner are currently offering property investors an average price cut of -3.40% below the asking price at the moment.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 8.89%.
Fawkner has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.95% to date .
Taking the average capital gain, or increase in median house value, Fawkner,3060 has racked up an average of 5.95% over the period. This ranks it number 700th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Fawkner is $392000, with sellers offering an average of -4.58% off the asking price.
At number 557 in a list of fastest selling suburbs, Fawkner is in the TOP 40% of suburbs in Australia with an average of days on market 67.14 for properties listed there.
Situated 11.47km from the CBD, Fawkner is one of Moreland localities in the postcode 3060.