Property investors who have had real estate in Fitzroy, 3065 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.80%
Taking the average capital gain, or increase in median house value, Fitzroy,3065 has racked up an average of 11.80% over the period. This ranks it number 44th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Fitzroy itself are offering an average vendor discount of -4.42% to real estate investors.
Often selling an investment property can take time, and in Fitzroy the average time real estate has been on the market is 33.52 days.
Fitzroy is 537th on a list of best yielding suburbs for rents in VIC with a 2.03% return
VIC has seen average median house prices change by 6.52% which means that Fitzroy, 3065 has done well for property investors by showing a capital gain of 12.99% over the last year
The five-year average increase in median property values for Fitzroy,3065 has given property investors a potential capital gain of 28.57% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -4.58. This rate of discount on properties puts Suburb at number 197th in terms of most discounted suburbs in VIC
At number 214 in a list of fastest selling suburbs, Fitzroy is in the TOP 20% of suburbs in Australia with an average of days on market 41.75 for properties listed there.