If you compare the increase in value of investment property in Fitzroy North, 3068 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 12.42%.
Fitzroy North,3068 has offered an average of 12.42% 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 North is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 544th in terms of most discounted suburbs in VIC
Residents and property investors in Fitzroy North have been waiting around 34.82 days to sell a property.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 9.42%.
Fitzroy North is in the bottom 10% in VIC when comparing median price capital growth over the last year. Fitzroy North gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.94%.
Across a shorter period, Fitzroy North, 3068 has seen a median price increase of 1.82% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -4.86% to real estate investors.
Property investors should expect to get $420 weekly from the median priced house in this suburb.