Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,450,000, Annual capital growth 7.57%, Number of sales 127, Weekly median advertised rent $650

Fitzroy North Unit: Median price $645,000, Annual capital growth 3.30%, Number of sales 93, Weekly median advertised rent $465

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

Giving property investors a an unimpressive capital gain of 0.69% for the last year, Fitzroy North, 3068 is the 2616th highest performer in Australia in this respect.

A 60.31% growth in median value for property investors in Fitzroy North,3068 puts this suburb at number 655th in terms of best performing suburbs in VIC

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.39% offered to property buyers. Sellers in Fitzroy North itself are offering an average vendor discount of -5.51% to real estate investors.

Advertised rents are around the $650 mark per week – giving a return of 2.33% based on the median price in Suburb

Investment property in Fitzroy North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.48%

When looking at the potential capital gains offered to property investors over the last 3 years, Fitzroy North comes in at number 258th in VIC.

Property buyers and investors in Fitzroy North 3068 should be seeing an average reduction in asking price of around -5.22% . This means that Fitzroy North is holding prices well when compared to other suburbs in VIC.

In the last year 93 properties changed hands in Fitzroy North, which puts it as the 84th most active market in VIC when comparing the number of sales per suburb.

A $465 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 3.30%.

Metrics i HOUSE UNIT
$1,450,000 $645,000
-5.66% 5.69%
0.69% 5.48%
7.57% 3.30%
$650 $465
127 93
2.33% 3.75%
41.96 69.54

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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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