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 -5.92%
When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy North comes in at number 358th in VIC.
Our latest figures would indicate that property sellers in Fitzroy North are currently offering property investors an average price cut of -5.76% below the asking price at the moment.
Property investors should expect to get $670 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Fitzroy North, 3068 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.93%.
Fitzroy North,3068 was ranked 1444 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 -5.18% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 41 properties changed hands in Fitzroy North, which puts it as the 134th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.65%, investors should hope to achieve an overall return of 3.64%