Giving property investors a an unimpressive capital gain of 0.69% for the last year, Fitzroy North, 3068 is the 2616th highest performer in Australia in this respect.
A 60.31% growth in median value for property investors in Fitzroy North,3068 puts this suburb at number 655th in terms of best performing suburbs in VIC
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.39% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -5.51% to real estate investors.
Advertised rents are around the $650 mark per week – giving a return of 2.33% based on the median price in Suburb
Investment property in Fitzroy North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.48%
When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy North comes in at number 258th in VIC.
Property buyers and investors in Fitzroy North 3068 should be seeing an average reduction in asking price of around -5.22% . This means that Fitzroy North is holding prices well when compared to other suburbs in VIC.
In the last year 93 properties changed hands in Fitzroy North, which puts it as the 84th most active market in VIC when comparing the number of sales per suburb.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 3.30%.