At number 2250th in the list of Australian suburbs ordered by increase in median house value over the last year, Fisher, 2611 is in the BOTTOM 50% with a property value increase of 3.15% recorded in median house prices.
Fisher,2611 has offered an average of 3.15% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Fisher is offering property investors an average of -3.60. This rate of discount on properties puts Suburb at number 61th in terms of most discounted suburbs in ACT
At number 2617 in a list of fastest selling suburbs, Fisher is in the bottom 40% of suburbs in Australia with an average of days on market 90.3 for properties listed there.
Using the current median advertised rental of $487.5 and the average annual increase in value of a median property of 3.53%, investors should hope to achieve an overall return of 3.87%
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.