Fitzroy

POSTAL CODE: VIC, 3065
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Figures from the previous quarter show that capital gains for real estate buyers in FITZROY are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $997.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $997.5 mark, reflecting a 3.43% increase in returns based on the current median price in FITZROY.

FITZROY, 3065 ranks 693rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 342nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.43% return.

Surburb overview

Fitzroy, located approximately 3 kilometres northeast of Melbourne's Central Business District, is an inner-city suburb within the City of Yarra, Victoria. As of the 2021 census, it had a population of 10,431.

Established in 1839, Fitzroy is Melbourne's first suburb. It is known for its rich history and cultural diversity. The area features a mix of Victorian and Edwardian architecture, including terraces, converted industrial buildings, and modern apartments.

The suburb is renowned for its vibrant arts and culinary scenes. The area has numerous cafes, restaurants, and bars, particularly along Brunswick, Smith, and Gertrude Streets. These areas are popular for dining, shopping, and nightlife.

Public transportation in Fitzroy is well-developed, with several tram routes providing access to Melbourne's city centre and surrounding suburbs. The suburb's walkability and proximity to the CBD make it a convenient location for residents and visitors.

Recreational opportunities are abundant, with parks like the Edinburgh Gardens offering green spaces for leisure activities. The suburb's lively atmosphere and cultural offerings make it appealing as a residential area within Melbourne's inner north.

 

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