Fitzroy

POSTAL CODE: VIC, 3065

HOUSE

UNIT

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 $1000 based on current median home prices for the suburb.

On average, rents on listings have reached the $1000 mark, reflecting a 3.66% increase in returns based on the current median price in FITZROY.

FITZROY, 3065 ranks 704th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 276th on the list of best yielding suburbs for rental properties in VIC, posting a 3.66% return.

Property investors have seen a 6.21% gain in FITZROY based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains FITZROY, 3065 saw average growth in the long term.

FITZROY, 3065 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $865,600.

Profits due to an downward trend in home prices in FITZROY, 3065 averaged -4.65% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $697.5 based on current median home prices for the suburb.

The gross rental yield in FITZROY, 3065 is 4.19%.

An average of 12 real estate transactions take place per month in FITZROY which translates to 144 per annum.

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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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,420,000	$865,600
Growth Report
Median Quarterly	-12.62%	6.21%
Median 12 month	-21.11%	8.88%
Median 3 years	-3.3%	-13.96%
Median 5 years	0%	6.86%
10 years average annual	0.79%	3.19%
Weekly media advert. rent	$1,000	$698
Time on Market	53.5 days	48.7 days
Gross Rental Yield Percent	3.66%	4.19%

Demographics (Median Values)*

Total Population 10445

Weekly Household Income 1715

Household Size 2.10

Average Age 33

Monthly Loan Repayment 2286

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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