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 15.58%.
A 53.65% growth in median value for property investors in Fitzroy North,3068 puts this suburb at number 102th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Fitzroy North are currently offering property investors an average price cut of -3.49% below the asking price at the moment.
Renters in Suburb are facing rents around $7680 per annum or $640 every week.
With a capital gain of -5.74% for the last 12 months, Fitzroy North, 3068 has performed for property investments than its average annual 5.85% property growth over the last 5 years.
Comparing Fitzroy North,3068 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Fitzroy North3068 is located in VIC which offers an average discount of -5.08% to property investors. Fitzroy North itself is showing figures that indicate -3.89% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Fitzroy North have been waiting around 64.4 days to sell a property.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.77%, without taking into account capital value appreciation, which has been averaging out at 5.85%.