Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,245,000, Annual capital growth 9.42%, Number of sales 103, Weekly median advertised rent $630

Fitzroy North Unit: Median price $560,000, Annual capital growth 5.48%, Number of sales 92, Weekly median advertised rent $420

  • 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 North, 3068 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 12.42%.

Fitzroy North,3068 has offered an average of 12.42% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Fitzroy North is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 544th in terms of most discounted suburbs in VIC

Residents and property investors in Fitzroy North have been waiting around 34.82 days to sell a property.

A $630 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 9.42%.

Fitzroy North is in the bottom 10% in VIC when comparing median price capital growth over the last year. Fitzroy North gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.94%.

Across a shorter period, Fitzroy North, 3068 has seen a median price increase of 1.82% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -4.86% to real estate investors.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,245,000 $560,000
2.89% 1.82%
12.42% -8.94%
9.42% 5.48%
$630 $420
103 92
2.63% 3.90%
34.82 79.38

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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
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