Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,480,000, Annual capital growth 6.94%, Number of sales 101, Weekly median advertised rent $690

Fitzroy North Unit: Median price $715,000, Annual capital growth 3.75%, Number of sales 56, Weekly median advertised rent $473

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 3.50% for the last 12 months, Fitzroy North, 3068 has performed for property investments than its average annual 6.94% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Fitzroy North,3068 has racked up an average of 3.50% over the period. This ranks it number 1131th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Fitzroy North is giving property investors an average Vendor Discount of around -5.72%. This puts suburb at number 329th in VIC when ranking the most discounted suburbs.

The VIC suburb of Fitzroy North, 3068 is in the Yarra (C) local government area.

Giving property investors a a solid capital gain of 11.02% for the last year, Fitzroy North, 3068 is the 259th highest performer in Australia in this respect.

Fitzroy North,3068 was ranked 879 in Australia by increase in median property value over the quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -5.06% to real estate investors.

At number 111 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 46.8378 for properties listed there.

Renters in Suburb are facing rents around $24570 per annum or $472.5 every week.

Metrics i HOUSE UNIT
$1,480,000 $715,000
6.86% 0.00%
3.50% 11.02%
6.94% 3.75%
$690 $473
101 56
2.42% 3.44%
49.5869565217391 46.8378378378378

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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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