Over the last year, property investments in Fisher, 2611 have given investors a capital gain of 4.77%. This compares favourably with the 4.21% for ACT as a whole.
Over the longer term, Fisher has seen property prices show investors a 8.53% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Fisher is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 21th in terms of most discounted suburbs in ACT
In the last year 54 properties changed hands in Fisher, which puts it as the 33th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $540 weekly from the median priced house in this suburb.
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.