Suburb Profile Report for Fitzroy VIC (3065)

Fitzroy House: Median price $1,475,000, Annual capital growth 7.95%, Number of sales 81, Weekly median advertised rent $675

Fitzroy Unit: Median price $680,000, Annual capital growth 3.03%, Number of sales 100, Weekly median advertised rent $530

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

Fitzroy has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -5.14% to date .

Taking the average capital gain, or increase in median house value, Fitzroy,3065 has racked up an average of -5.14% over the period. This ranks it number 141th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Fitzroy is giving property investors an average Vendor Discount of around -4.43%. This puts suburb at number 397th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $35100 per annum or $675 every week.

With a capital gain of -4.90% for the last 12 months, Fitzroy, 3065 has performed for property investments than its average annual 3.03% property growth over the last 5 years.

Fitzroy,3065 was ranked 1495 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Fitzroy are currently offering property investors an average price cut of -4.40% below the asking price at the moment.

Metrics i HOUSE UNIT
$1,475,000 $680,000
-8.39% -6.08%
-5.14% -4.90%
7.95% 3.03%
$675 $530
81 100
2.38% 4.05%
49.38 47.94

Source: CoreLogic

DSR Score for property investment : Good (H), 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