Fitzroy has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.56% to date .
While Fitzroy,3065 ranked number 492th in VIC for increase in median house value (annualised) increase, it is ranked 264th over the last 5 years.
Often selling an investment property can take time, and in Fitzroy the average time real estate has been on the market is 42.9333 days.
Advertised rents are around the $697.5 mark per week – giving a return of 2.63% based on the median price in Suburb
With a capital gain of 6.04% for the last 12 months, Fitzroy, 3065 has performed for property investments than its average annual 3.21% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy comes in at number 228th in VIC.
LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -5.85. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in VIC
With the median price for a house in Fitzroy being $755500 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.79%