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:
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.