Investment property in Fitzroy North has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.83%
Fitzroy North,3068 was ranked 1818 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.35% to buyers in Fitzroy North at the moment, which is less than average for the rest of VIC.
At number 368 in a list of fastest selling suburbs, Fitzroy North is in the TOP 10% of suburbs in Australia with an average of days on market 40.97 for properties listed there.
Renters in Suburb are facing rents around $35360 per annum or $680 every week.
VIC has seen average median house prices change by 2.97% which means that Fitzroy North, 3068 has done well for property investors by showing a capital gain of 12.12% over the last year
Fitzroy North,3068 was ranked 130 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Fitzroy North should be aiming for at least -4.63% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $445 mark per week – giving a return of 3.50% based on the median price in Suburb