With a capital gain of 29.81% for the last 12 months, Fitzroy, 3065 has performed for property investments than its average annual 8.59% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fitzroy has increased when compared to the 5 year average annual rate.
At number 416th of VIC’s most discounted properties, Fitzroy is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 64 properties changed hands in Fitzroy, which puts it as the 374th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 8.59%, investors should hope to achieve an overall return of 2.31%
Fitzroy is an average performer in VIC when comparing median price capital growth over the last year. Fitzroy gave property investors a average capital gain figure when compared to the rest of the state, with 2.34%.
Over the longer term, Fitzroy has seen property prices show investors a 12.93% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.36% to buyers in Fitzroy at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Fitzroy the average time real estate has been on the market is 72.35 days.
The VIC suburb of Fitzroy, 3065 is in the Yarra local government area.