Suburb Profile Report for Fitzroy North VIC (3068)

Fitzroy North House: Median price $1,512,000, Annual capital growth 8.11%, Number of sales 120, Weekly median advertised rent $650

Fitzroy North Unit: Median price $591,000, Annual capital growth 3.34%, Number of sales 97, Weekly median advertised rent $465

  • 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 North, 3068 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 8.00%

If we look at median property appreciation over just the last three months, Fitzroy North has given property investors a paper return of 1.14%. This puts Suburb as 402 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Fitzroy North is giving property investors an average Vendor Discount of around -5.76%. This puts suburb at number 178th in VIC when ranking the most discounted suburbs.

Residents and property investors in Fitzroy North have been waiting around 47.46 days to sell a property.

Fitzroy North, 3068’s gross rental yield is 2.24%

If you compare the increase in value of investment property in Fitzroy North, 3068 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.37%.

The five-year average increase in median property values for Fitzroy North,3068 has given property investors a potential capital gain of 9.04% across each of those five years.

Property buyers and investors in Fitzroy North 3068 should be seeing an average reduction in asking price of around -5.03% . This means that Fitzroy North is holding prices well when compared to other suburbs in VIC.

At number 662 in a list of fastest selling suburbs, Fitzroy North is just in the top half of suburbs in Australia with an average of days on market 67.22 for properties listed there.

With the median price for a house in Fitzroy North being $591000 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 4.09%

Metrics i HOUSE UNIT
$1,512,000 $591,000
1.14% -1.01%
8.00% -8.37%
8.11% 3.34%
$650 $465
120 97
2.24% 4.09%
47.46 67.22

Source: CoreLogic

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
Chart Table
Recent sales & rentals