If you compare the increase in value of investment property in Fitzroy, 3065 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.36%.
The five-year average increase in median property values for Fitzroy,3065 has given property investors a potential capital gain of 38.20% across each of those five years.
Fitzroy3065 is located in VIC which offers an average discount of -6.03% to property investors. Fitzroy itself is showing figures that indicate -4.56% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.24%, investors should hope to achieve an overall return of 2.59%
Giving property investors a an average capital gain of 0.74% for the last year, Fitzroy, 3065 is the 1003th highest performer in Australia in this respect.
Over the longer term, Fitzroy has seen property prices show investors a 11.69% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Fitzroy are currently offering property investors an average price cut of -4.56% below the asking price at the moment.
In the last year 101 properties changed hands in Fitzroy, which puts it as the 84th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $495 mark per week – giving a return of 4.03% based on the median price in Suburb