Investment property in Fitzroy North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.79%
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.
Residents and property investors in Fitzroy North have been waiting around 29.87 days to sell a property.
Using the current median advertised rental of $640 and the average annual increase in value of a median property of 9.69%, investors should hope to achieve an overall return of 2.44%
Fitzroy North, 3068 ranked 210th in VIC when comparing growth in median property values or capital gain over the last 12 months. Fitzroy North is one of 2098 in our list for VIC
Taking the average capital gain, or increase in median house value, Fitzroy North,3068 has racked up an average of 2.77% over the period. This ranks it number 1014th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -3.87% to real estate investors.
Often selling an investment property can take time, and in Fitzroy North the average time real estate has been on the market is 65.09 days.
Fitzroy North is 274th on a list of best yielding suburbs for rents in VIC with a 3.61% return