Property investors who have had real estate in Fitzroy North, 3068 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 8.00%
If we look at median property appreciation over just the last three months, Fitzroy North has given property investors a paper return of 1.14%. This puts Suburb as 402 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Fitzroy North is giving property investors an average Vendor Discount of around -5.76%. This puts suburb at number 178th in VIC when ranking the most discounted suburbs.
Residents and property investors in Fitzroy North have been waiting around 47.46 days to sell a property.
Fitzroy North, 3068’s gross rental yield is 2.24%
If you compare the increase in value of investment property in Fitzroy North, 3068 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.37%.
The five-year average increase in median property values for Fitzroy North,3068 has given property investors a potential capital gain of 9.04% across each of those five years.
Property buyers and investors in Fitzroy North 3068 should be seeing an average reduction in asking price of around -5.03% . This means that Fitzroy North is holding prices well when compared to other suburbs in VIC.
At number 662 in a list of fastest selling suburbs, Fitzroy North is just in the top half of suburbs in Australia with an average of days on market 67.22 for properties listed there.
With the median price for a house in Fitzroy North being $591000 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 4.09%