Property investors who have had real estate in Fawkner, 3060 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.59%
If we look at median property appreciation over just the last three months, Fawkner has given property investors a paper return of -2.94%. This puts Suburb as 554 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Fawkner is giving property investors an average Vendor Discount of around -6.59%. This puts suburb at number 294th in VIC when ranking the most discounted suburbs.
The VIC suburb of Fawkner, 3060 is in the Moreland (C) local government area.
Investment property in Fawkner has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.47%
Fawkner,3060 has offered an average of -3.47% return per annum in house price rises to property investors over the last three years.
Fawkner, 3060 is offering VIC ‘s 91th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Fawkner is 155th on a list of best yielding suburbs for rents in VIC with a 4.26% return
Information supplied by:
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.