Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
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 $720 based on current median home prices for the suburb.
On average, rents on listings have reached the $720 mark, reflecting a 2.79% increase in returns based on the current median price in FITZROY.
FITZROY, 3065 ranks 642nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 461st on the list of best yielding suburbs for rental properties in VIC, posting a 2.79% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,343,000 | $686,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.74% | 2.5% |
| Median 12 month | -11.41% | -3.48% |
| Median 3 years | 22.09% | 7.3% |
| Median 5 years | 50.31% | 20.38% |
| 10 years average annual | 6.66% | 3.38% |
| Weekly media advert. rent | $720 | $519.5 |
| Time on Market | 47.9 days | 45.1 days |
| Gross Rental Yield Percent | 2.79% | 3.93% |
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