Suburb Profile Report for Fitzroy VIC (3065)

Fitzroy House: Median price $1,460,500, Annual capital growth 9.85%, Number of sales 70, Weekly median advertised rent $600

Fitzroy Unit: Median price $656,000, Annual capital growth 5.96%, Number of sales 91, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 14th in the list of Australian suburbs ordered by increase in median house value over the last year, Fitzroy, 3065 is in the top 10% with a property value increase of 43.89% recorded in median house prices.

Across a shorter period, Fitzroy, 3065 has seen a median price increase of 8.19% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 419th in terms of most discounted suburbs in VIC

With the median price for a house in Fitzroy being $1460500 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 2.14%

Giving property investors a an average capital gain of 4.13% for the last year, Fitzroy, 3065 is the 759th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy comes in at number 208th in VIC.

LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 213th in terms of most discounted suburbs in VIC

Property investors should expect to get $490 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,460,500 $656,000
8.19% 0.92%
43.89% 4.13%
9.85% 5.96%
$600 $490
70 91
2.14% 3.88%
52.54 70.42

Source: CoreLogic

DSR Score for property investment : Above average (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