Property investors who have had real estate in Fitzroy North, 3068 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.96%
While Fitzroy North,3068 ranked number 72th in VIC for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
Property investors looking for a bargain in Fitzroy North should be aiming for at least -4.60% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Fitzroy North being $1492500 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 2.23%
Property investors who have had real estate in Fitzroy North, 3068 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.73%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fitzroy North has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Fitzroy North is offering property investors an average of -4.73. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 6.83 sales per month, which equates to 82 per year.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 4.08%.