Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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Property investors enjoyed capital gains of 0.56% 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.
This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
On average, rents on listings have reached the $700 mark, reflecting a 2.68% increase in returns based on the current median price in FITZROY.
FITZROY, 3065 ranks 398th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 510th on the list of best yielding suburbs for rental properties in VIC, posting a 2.68% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,357,500 | $765,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.84% | 6.47% |
| Median 12 month | 0.56% | 7.37% |
| Median 3 years | -4.4% | 15.04% |
| Median 5 years | 46.12% | 25.41% |
| 10 years average annual | 6.19% | 3.45% |
| Weekly media advert. rent | $700 | $550 |
| Time on Market | 47.4 days | 35.6 days |
| Gross Rental Yield Percent | 2.68% | 3.74% |
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