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Fawkner
AREA REPORTS

Fawkner

Fawkner - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3060

house
unit

FAWKNER, 3060 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling FAWKNER, 3060 values up and netting property investors a capital gain of 8.91% for the past year.

Investors saw the median home price rise to $773,250.

Profits due to an upward trend in home prices in the suburb averaged 1.97% per annum over a 3-year period.

FAWKNER now ranks at the 376th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in FAWKNER are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $400 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FAWKNER, homes and units usually stay on listing for an average of 56.3 days.

In 2016, 138 properties were sold in FAWKNER during the past year, making it the 661st most active market in VIC based on total real estate transactions.

Data report can be found below

Fawkner
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $773,250 $552,500
GROWTH REPORT
Median Quarterly 4.35% 4.25%
Median 12 month 8.91% 7.91%
Median 3 years 5.92% 9.95%
Median 5 years 38.08% 39.96%
10 years average annual 5.92% 4.83%
Weekly media advert. rent $400 $375
Time on Market 56.3 days 66.7 days
Gross Rental Yield Percent 2.69% 3.53%
demographics (median values)*
Total Population
14043
Weekly Household Income
1086
Household Size
2.90
Age
34
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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