Fisher has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -0.15% to date .
If we look at median property appreciation over just the last three months, Fisher has given property investors a paper return of -1.36%. This puts Suburb as 67 on a list of fastest fasting appreciating suburbs in ACT
The most recent median price for Fisher is $655000, with sellers offering an average of -0.75% off the asking price.
At number 2975 in a list of fastest selling suburbs, Fisher is in the bottom 20% of suburbs in Australia with an average of days on market 96.3265 for properties listed there.
Advertised rents are around the $550 mark per week – giving a return of 4.37% based on the median price in Suburb
Property investors who have had real estate in Fisher, 2611 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.11%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fisher has fallen somewhat when compared to the 5 year average annual rate.
Information supplied by:
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.