Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,365,500, Annual capital growth 9.69%, Number of sales 105, Weekly median advertised rent $640

Fitzroy North Unit: Median price $611,500, Annual capital growth 6.37%, Number of sales 88, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Fitzroy North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.79%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fitzroy North has increased when compared to the 5 year average annual rate.

Residents and property investors in Fitzroy North have been waiting around 29.87 days to sell a property.

Using the current median advertised rental of $640 and the average annual increase in value of a median property of 9.69%, investors should hope to achieve an overall return of 2.44%

Fitzroy North, 3068 ranked 210th in VIC when comparing growth in median property values or capital gain over the last 12 months. Fitzroy North is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Fitzroy North,3068 has racked up an average of 2.77% over the period. This ranks it number 1014th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -3.87% to real estate investors.

Often selling an investment property can take time, and in Fitzroy North the average time real estate has been on the market is 65.09 days.

Fitzroy North is 274th on a list of best yielding suburbs for rents in VIC with a 3.61% return

Metrics i HOUSE UNIT
$1,365,500 $611,500
7.56% 8.71%
13.79% 2.77%
9.69% 6.37%
$640 $425
105 88
2.44% 3.61%
29.87 65.09

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Fitzroy North VIC
Demographics
Total population 11473
Median household income ($/weekly) 1699
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 868 7.6
    25-34 years 2859 24.9
    35-44 years 2011 17.5
    45-54 years 1403 12.2
    55-64 years 1113 9.7
    Others 3219 28.1
    Age Group
    Census Count Percent(%)
    Not Married 4585 51.1
    Registered Married 2820 31.5
    Defacto Relationship 1560 17.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 7788 72.3
    Japan 372 3.5
    Papua New Guinea 371 3.4
    United Kingdom 598 5.6
    Other 449 4.2
    Others 1194 11.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 263 2.6
    Christianity 4289 42.1
    Islam 156 1.5
    Other Religious Groups 76 0.7
    No Religion 5290 51.9
    Others 111 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 498 11.5
    $2,000-$2,499 404 9.3
    $2,500-$2,999 548 12.6
    $3,000-$3,499 346 8.0
    $4,000 or more 370 8.5
    Others 2174 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4344 46.3
    Not in the labour force 2484 26.5
    Employed, worked part-time 1922 20.5
    Employed, away from work 344 3.7
    Unemployed, looking for work 286 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 963 14.6
    Professionals 3044 46.0
    Technicians & trades workers 468 7.1
    Community & personal service workers 545 8.2
    Clerical & administrative workers 782 11.8
    Others 809 12.2
    Occupation
    Census Count Percent(%)
    Pre-school 168 6.6
    Infants/Primary 583 22.8
    Secondary 406 15.9
    Technical or Further Educational Institution 241 9.4
    University or other Tertiary Institutions 1050 41.1
    Others 105 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 5427 51.2
    Separate house 3046 28.7
    Flat, unit or apartment 2061 19.4
    House or flat attached to a shop, office 72 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2338 49.9
    Being purchased 1159 24.8
    Fully owned 1127 24.1
    Other tenure type 58 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals