Fitzroy North

POSTAL CODE: VIC, 3068
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A steady increase in median property prices over a five-year period in the suburb translates to a -0.45% capital gain.

Property investors in FITZROY NORTH enjoyed capital gains of 6.58% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also 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 $1,660,000.

Profits due to an downward trend in home prices there averaged -0.15% per annum over a 3-year period.

Home owners selling their properties and realtors in FITZROY NORTH usually have to wait an average of 64.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.51% increase in returns based on the current median price in FITZROY NORTH.

FITZROY NORTH, 3068 places 111th in Australia based on median property value growth during the quarter.

Surburb overview

Fitzroy North, located approximately 4 kilometres northeast of Melbourne's Central Business District, is an inner-city suburb within Merribek and Yarra, Victoria. As of the 2021 census, it had 12,781 residents.

The suburb is renowned for its well-preserved Victorian and Edwardian architecture. It features numerous one—and two-storey terraces with characteristic ironwork, verandahs, and stone embellishments, contributing to Fitzroy North's distinct charm and aesthetic appeal.

Fitzroy North boasts a variety of green spaces, with 16 parks covering nearly 16.2% of its total area. Notably, the Edinburgh Gardens, a large inner-city park formerly home to the Fitzroy Football Club, offers residents ample opportunities for outdoor activities and leisure.

Most of the suburb's commercial activity is along Brunswick Street, St Georges Road, and the northern side of Queens Parade. Residents can find a diverse array of cafes, restaurants, and shops. This vibrant atmosphere caters to various tastes and preferences, enhancing the local lifestyle.

Public transportation in Fitzroy North is well-developed, with the Rushall railway station on the Mernda line providing access to Melbourne's city centre. Additionally, several tram routes and bus services enhance connectivity to neighbouring suburbs, making commuting convenient for residents.

Fitzroy North offers a range of housing options. The median property price is approximately $1,590,000, and annual capital growth is 1.19%. Rental yields are around 2.79%, and the median weekly rent is $800.

Fitzroy North blends historical charm, abundant green spaces, and urban convenience, making it a desirable suburb in Melbourne's inner north.

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