At number 2226th in the list of Australian suburbs ordered by increase in median house value over the last year, Fisher, 2611 is in the top half with a property value increase of 2.36% recorded in median house prices.
Fisher,2611 has offered an average of 2.36% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 3.92%, investors should hope to achieve an overall return of 4.16%
Despite the popularity of unit construction thus far, the suburb of Fisher has, on the contrary, seen its supply of houses shoot up in the past 12 months.Full summary
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Demand overcomes new supply influx in Weston Creek suburb
Median house price: $625,500
Stock on market: 200%
12-month growth: 15.57%
Despite the popularity of unit construction thus far, the suburb of Fisher has, on the contrary, seen its supply of houses shoot up in the past 12 months. And unlike other suburbs that have seen prices drop with a rise in supply, the opposite is true for Fisher – house values here shot up by nearly 16% in that period.
This continues the pattern of growth Fisher has been following throughout the recent five-year period. Vendor discount rates are incredibly low at an average of just 0.8%, suggesting that demand is more than enough to swallow up the new supply.
One factor in Fisher’s popularity among buyers is its proximity to Canberra. The capital is roughly 15 minutes away from the suburb via Tuggeranong Parkway. Moreover, buses run from the suburb to Canberra.