If you compare the increase in value of investment property in Fitzroy North, 3068 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.55%.
While Fitzroy North,3068 ranked number 424th in VIC for increase in median house value (annualised) increase, it is ranked 101th over the last 5 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 543th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 8.25 sales per month, which equates to 99 per year.
Renters in Suburb are facing rents around $7440 per annum or $620 every week.
Giving property investors a an unimpressive capital gain of -4.31% for the last year, Fitzroy North, 3068 is the 1368th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy North comes in at number 299th in VIC.
Property buyers and investors in Fitzroy North 3068 should be seeing an average reduction in asking price of around -5.83% . This means that Fitzroy North is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Fitzroy North have been waiting around 70.93 days to sell a property.