Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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 2.56% increase in returns based on the current median price in FITZROY.
FITZROY, 3065 ranks 719th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 395th on the list of best yielding suburbs for rental properties in VIC, posting a 2.56% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.07%||0.52%|
|Median 3 years||-3.73%||14.04%|
|Median 5 years||9.1%||14.54%|
|10 years average annual||5.55%||2.89%|
|Weekly media advert. rent||$700||$490|
|Time on Market||46.3 days||78.6 days|
|Gross Rental Yield Percent||2.56%||3.27%|