Suburb Profile Report for Fitzroy VIC (3065)

Fitzroy House: Median price $1,206,500, Annual capital growth 7.24%, Number of sales 66, Weekly median advertised rent $600

Fitzroy Unit: Median price $639,425, Annual capital growth 5.39%, Number of sales 101, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Fitzroy, 3065 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.36%.

The five-year average increase in median property values for Fitzroy,3065 has given property investors a potential capital gain of 38.20% across each of those five years.

Fitzroy3065 is located in VIC which offers an average discount of -6.03% to property investors. Fitzroy itself is showing figures that indicate -4.56% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.24%, investors should hope to achieve an overall return of 2.59%

Giving property investors a an average capital gain of 0.74% for the last year, Fitzroy, 3065 is the 1003th highest performer in Australia in this respect.

Over the longer term, Fitzroy has seen property prices show investors a 11.69% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Fitzroy are currently offering property investors an average price cut of -4.56% below the asking price at the moment.

In the last year 101 properties changed hands in Fitzroy, which puts it as the 84th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $495 mark per week – giving a return of 4.03% based on the median price in Suburb

HOUSE UNIT
$1,206,500 $639,425
0.54% 1.50%
14.36% 0.74%
7.24% 5.39%
$600 $495
66 101
2.59% 4.03%
54.5 72.02

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