Over the last year, property investments in Fawkner, 3060 have given investors a capital gain of 19.15%. This compares very favourably with the 8.23% for VIC as a whole.
Across a shorter period, Fawkner, 3060 has seen a median price increase of 3.70% over the last quarter.
Property buyers and investors in Fawkner 3060 should be seeing an average reduction in asking price of around -4.45% . This means that Fawkner is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Fawkner have been waiting around 41.45 days to sell a property.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Fawkner is in the TOP 30% in VIC when comparing median price capital growth over the last year. Fawkner gave property investors a good capital gain figure when compared to the rest of the state, with 10.46%.
If we look at median property appreciation over just the last three months, Fawkner has given property investors a paper return of 4.49%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Fawkner itself are offering an average vendor discount of -8.13% to real estate investors.
Often selling an investment property can take time, and in Fawkner the average time real estate has been on the market is 91.82 days.