Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,450,000, Annual capital growth 7.58%, Number of sales 127, Weekly median advertised rent $673

Fitzroy North Unit: Median price $644,000, Annual capital growth 3.82%, Number of sales 46, Weekly median advertised rent $450

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Fitzroy North has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.83%

Fitzroy North,3068 was ranked 1818 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.35% to buyers in Fitzroy North at the moment, which is less than average for the rest of VIC.

At number 368 in a list of fastest selling suburbs, Fitzroy North is in the TOP 10% of suburbs in Australia with an average of days on market 40.97 for properties listed there.

Renters in Suburb are facing rents around $35360 per annum or $680 every week.

VIC has seen average median house prices change by 2.97% which means that Fitzroy North, 3068 has done well for property investors by showing a capital gain of 12.12% over the last year

Fitzroy North,3068 was ranked 130 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Fitzroy North should be aiming for at least -4.63% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $445 mark per week – giving a return of 3.50% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,450,000 $644,000
3.57% -1.30%
-3.33% 8.05%
7.58% 3.82%
$673 $450
127 46
2.41% 3.63%
39.764046 49.68421

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : 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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