Suburb Profile Report for Fisher ACT (2611)

Fisher House: Median price $725,000, Annual capital growth 4.35%, Number of sales 54, Weekly median advertised rent $560

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

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Fisher has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.75%

Across a shorter period, Fisher, 2611 has seen a median price increase of 4.32% over the last quarter.

Residents and property investors in Fisher have been waiting around 66.5294 days to sell a property.

A $560 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 4.35%.

Information supplied by:


April 2019

M
O

W
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Almost no rental space left

Postcode: 2611

Median house price: $650,000

Vacancy rate: 0.2%

Three-year growth: 18.2%

Less than 20 minutes’ drive south of Canberra is the suburb of Fisher, which was named for founding member of the Labour Party and former Prime Minister Andrew Fisher. Its street names are inspired by the ones given to mines and mining towns.

The Canberra Nature Park borders Fisher along with the suburbs of Waramanga, Chapman and Chifley. Thus, residents are in close proximity to natural sights like hills with scenic views and wildlife. For those looking for things to do within the city, there are some excellent restaurants in town. For families, there are great schools in the vicinity.

While things look good for buyers and investors, the same is not true for renters. With the average vacancy rate falling tp 0.2% from 0.6%, they may need to seek other suburbs with more openings.

Metrics i HOUSE UNIT
$725,000 N/A
4.32% N/A
12.75% N/A
4.35% N/A
$560 N/A
54 N/A
4.02% N/A
66.5294117647059 N/A

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
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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
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