Suburb Profile Report for Fitzroy VIC (3065)

Fitzroy House: Median price $1,562,500, Annual capital growth 9.28%, Number of sales 83, Weekly median advertised rent $620

Fitzroy Unit: Median price $674,750, Annual capital growth 5.20%, Number of sales 82, Weekly median advertised rent $495

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Fitzroy has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 30.21% to date .

Comparing Fitzroy,3065 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 209th in terms of most discounted suburbs in VIC

Fitzroy, 3065’s gross rental yield is 2.06%

Property value increases in Fitzroy have tracked close to the VIC average of 5.66% over the last 12 months.

Across a shorter period, Fitzroy, 3065 has seen a median price increase of 0.71% over the last quarter.

Sellers are offering property buyers an average discount of -3.78% to buyers in Fitzroy at the moment, which is less than average for the rest of VIC.

Residents and property investors in Fitzroy have been waiting around 54.97 days to sell a property.

Renters in Suburb are facing rents around $5940 per annum or $495 every week.

Metrics i HOUSE UNIT
$1,562,500 $674,750
11.61% 0.71%
30.21% 5.02%
9.28% 5.20%
$620 $495
83 82
2.06% 3.81%
40.28 54.97

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 9431
Median household income ($/weekly) 1484
Median age of persons 33
Median housing loan repayment ($/monthly) 2238
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 839 8.9
    25-34 years 2840 30.1
    35-44 years 1657 17.6
    45-54 years 1060 11.2
    55-64 years 776 8.2
    Others 2259 24.0
    Age Group
    Census Count Percent(%)
    Not Married 3887 56.7
    Registered Married 1722 25.1
    Defacto Relationship 1248 18.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5238 62.5
    Papua New Guinea 297 3.5
    United Kingdom 418 5.0
    Viet Nam 397 4.7
    Other 752 9.0
    Others 1277 15.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 544 6.9
    Christianity 2895 36.7
    Islam 465 5.9
    Other Religious Groups 56 0.7
    No Religion 3848 48.7
    Others 89 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 307 9.1
    $1,500-$1,999 329 9.7
    $2,000-$2,499 264 7.8
    $2,500-$2,999 421 12.4
    $4,000 or more 270 8.0
    Others 1791 53.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3419 46.6
    Not in the labour force 2021 27.6
    Employed, worked part-time 1314 17.9
    Unemployed, looking for work 328 4.5
    Employed, away from work 252 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 749 15.0
    Professionals 2252 45.2
    Community & personal service workers 406 8.2
    Clerical & administrative workers 548 11.0
    Sales 337 6.8
    Others 689 13.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 330 16.7
    Secondary 237 12.0
    Technical or Further Educational Institution 251 12.7
    University or other Tertiary Institutions 920 46.6
    Other type of educational institution 150 7.6
    Others 87 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4485 55.3
    Semi-detached, row or terrace house, townhouse 3303 40.7
    Separate house 229 2.8
    House or flat attached to a shop, office 92 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2306 62.1
    Being purchased 769 20.7
    Fully owned 621 16.7
    Other tenure type 15 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals