Suburb Profile Report for Fitzroy VIC (3065)

Fitzroy House: Median price $1,587,500, Annual capital growth 9.12%, Number of sales 85, Weekly median advertised rent $620

Fitzroy Unit: Median price $720,000, Annual capital growth 5.23%, Number of sales 95, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Fitzroy, 3065 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.80%

Taking the average capital gain, or increase in median house value, Fitzroy,3065 has racked up an average of 11.80% over the period. This ranks it number 44th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Fitzroy itself are offering an average vendor discount of -4.42% to real estate investors.

Often selling an investment property can take time, and in Fitzroy the average time real estate has been on the market is 33.52 days.

Fitzroy is 537th on a list of best yielding suburbs for rents in VIC with a 2.03% return

VIC has seen average median house prices change by 6.52% which means that Fitzroy, 3065 has done well for property investors by showing a capital gain of 12.99% over the last year

The five-year average increase in median property values for Fitzroy,3065 has given property investors a potential capital gain of 28.57% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Fitzroy is offering property investors an average of -4.58. This rate of discount on properties puts Suburb at number 197th in terms of most discounted suburbs in VIC

At number 214 in a list of fastest selling suburbs, Fitzroy is in the TOP 20% of suburbs in Australia with an average of days on market 41.75 for properties listed there.

Metrics i HOUSE UNIT
$1,587,500 $720,000
-0.78% 0.70%
11.80% 12.99%
9.12% 5.23%
$620 $500
85 95
2.03% 3.61%
33.52 41.75

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Fitzroy VIC
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