With a capital gain of 11.74% for the last 12 months, Fisher, 2611 has performed for property investments than its average annual 3.97% property growth over the last 5 years.
Over the longer term, Fisher has seen property prices show investors a 14.74% return over the last 3 years. This is worse than over the last 12 months
Fisher, 2611’s gross rental yield is 3.89%
While Fisher,2611 ranked number 11th in ACT for increase in median house value (annualised) increase, it is ranked 40th over the last 5 years.
Information supplied by:
Almost no rental space left
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.