With a capital gain of -3.21% for the last 12 months, Fawkner, 3060 has performed for property investments than its average annual 6.18% property growth over the last 5 years.
Across a shorter period, Fawkner, 3060 has seen a median price increase of 1.88% over the last quarter.
At number 191th of VIC’s most discounted properties, Fawkner is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Over the last year, property investments in Fawkner, 3060 have given investors a capital gain of 2.02%. This compares badly with the 6.11% for VIC as a whole.
Across a shorter period, Fawkner, 3060 has seen a median price increase of 6.32% over the last quarter.
The most recent median price for Fawkner is $505000, with sellers offering an average of -6.49% off the asking price.
The VIC suburb of Fawkner, 3060 is in the Moreland (C) local government area.
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Apartments are on a roll
Median unit price: $467,500
Three-year growth: 46.1%
Rental yield: 3.9%
Within the City of Moreland, the reasonably priced suburb of Fawkner is enjoying strong growth in its unit market.
Apartment prices are coming in at a median of just over $460,000 after a 16.9% increase in the March 2017-2018 period, the continuation of a positive streak that has been running since 2013.
The average annual growth is 7.1%, which indicates Fawkner’s solid history as an investment. The average time on market for such properties is only 49 days, suggesting that there is quite a bit of demand.
Located roughly 30 minutes from the Melbourne CBD, Fawkner offers a lot of accessibility and convenience to residents, including shopping strips on Bonwick Street and the border of Sydney Road that provide dining options as well.