Property investors enjoyed capital gains of 7.63% over the last 12 months in FITZROY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in FITZROY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 51.56% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
On average, rents on listings have reached the $650 mark, reflecting a 2.14% increase in returns based on the current median price in FITZROY.
FITZROY, 3065 ranks 447th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 523rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.14% return.
Property investors have seen a -0.28% drop in FITZROY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FITZROY, 3065 saw average growth in the long term.
FITZROY, 3065 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $720,000.
Profits due to an upward trend in home prices in FITZROY, 3065 averaged 6.01% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
The gross rental yield in FITZROY, 3065 is 3.83%.
An average of 8.92 real estate transactions take place per month in FITZROY which translates to 107 per annum.
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