Fisher is in the bottom 40% in ACT when comparing median price capital growth over the last year. Fisher gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.77%.
A 14.32% growth in median value for property investors in Fisher,2611 puts this suburb at number 34th in terms of best performing suburbs in ACT
LACK OF BUYER INTEREST may well be the reason that Fisher is offering property investors an average of -3.37. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in ACT
Property investors should expect to get $485 weekly from the median priced house in this suburb.
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.