Investment property in Fitzroy has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.00%
Fitzroy,3065 has offered an average of 21.00% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 435th in terms of most discounted suburbs in VIC
Residents and property investors in Fitzroy have been waiting around 54.55 days to sell a property.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 2.44%, without taking into account capital value appreciation, which has been averaging out at 7.92%.
VIC has seen average median house prices change by 2.98% which means that Fitzroy, 3065 has done well for property investors by showing a capital gain of 4.29% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy comes in at number 148th in VIC.
At number 170th of VIC’s most discounted properties, Fitzroy is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.76%, investors should hope to achieve an overall return of 3.85%