Suburb Profile Report for Fisher ACT (2611)

Fisher House: Median price $655,000, Annual capital growth 4.10%, Number of sales 64, Weekly median advertised rent $550

Fisher Unit: Median price $325,000, Annual capital growth 0.09%, Number of sales 10, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:


May 2017

M
O

W
E

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. 


 
Metrics i HOUSE UNIT
$655,000 $325,000
-1.36% -1.22%
-0.15% -5.11%
4.10% 0.09%
$550 N/A
64 10
4.37% N/A
96.32653 N/A

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Fisher ACT
Demographics
Total population 3014
Median household income ($/weekly) 1645
Median age of persons 40
Median housing loan repayment ($/monthly) 2212
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 332 11.0
    25-34 years 394 13.1
    35-44 years 444 14.7
    45-54 years 380 12.6
    55-64 years 352 11.7
    Others 1112 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 1201 51.9
    Not Married 916 39.6
    Defacto Relationship 199 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2299 78.4
    Indonesia 44 1.5
    Papua New Guinea 42 1.4
    United Kingdom 154 5.2
    Other 132 4.5
    Others 263 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.4
    Christianity 1742 62.1
    Islam 53 1.9
    Other Religious Groups 35 1.2
    No Religion 908 32.4
    Others 27 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 98 9.0
    $1,500-$1,999 138 12.6
    $2,000-$2,499 96 8.8
    $2,500-$2,999 125 11.4
    $4,000 or more 95 8.7
    Others 542 49.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1004 42.0
    Not in the labour force 804 33.6
    Employed, worked part-time 411 17.2
    Employed, away from work 109 4.6
    Unemployed, looking for work 62 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 222 14.6
    Professionals 461 30.3
    Technicians & trades workers 165 10.8
    Community & personal service workers 131 8.6
    Clerical & administrative workers 319 21.0
    Others 224 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 44 6.4
    Infants/Primary 216 31.3
    Secondary 200 29.0
    Technical or Further Educational Institution 80 11.6
    University or other Tertiary Institutions 136 19.7
    Others 14 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2535 87.2
    Semi-detached, row or terrace house, townhouse 299 10.3
    Flat, unit or apartment 73 2.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 485 41.5
    Being purchased 419 35.8
    Rented 254 21.7
    Other tenure type 11 0.9
    Tenure Type
Census 2011, ABS
Chart Table