Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,381,000, Annual capital growth 9.80%, Number of sales 109, Weekly median advertised rent $630

Fitzroy North Unit: Median price $625,500, Annual capital growth 5.65%, Number of sales 79, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 644th in the list of Australian suburbs ordered by increase in median house value over the last year, Fitzroy North, 3068 is in the top 20% with a property value increase of 15.08% recorded in median house prices.

Across a shorter period, Fitzroy North, 3068 has seen a median price increase of 7.97% over the last quarter.

The most recent median price for Fitzroy North is $1381000, with sellers offering an average of -6.02% off the asking price.

With the median price for a house in Fitzroy North being $1381000 and the advertised rent reaching $630 the gross rental yield for property investors calculates out to be 2.37%

Giving property investors a a stable capital gain of 9.35% for the last year, Fitzroy North, 3068 is the 439th highest performer in Australia in this respect.

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.

Fitzroy North, 3068 is offering VIC ‘s 224th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

With the median price for a house in Fitzroy North being $625500 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.49%

Metrics i HOUSE UNIT
$1,381,000 $625,500
7.97% 11.20%
15.08% 9.35%
9.80% 5.65%
$630 $420
109 79
2.37% 3.49%
28.36 66.28

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
Chart Table
Recent sales & rentals