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Fitzroy North
AREA REPORTS

Fitzroy North

Fitzroy North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3068

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 10.95% capital gain.

Property investors in FITZROY NORTH enjoyed capital gains of 7.83% 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 $1,631,000.

Profits due to an upward trend in home prices there averaged 3.65% per annum over a 3-year period.

Home owners selling their properties and realtors in FITZROY NORTH usually have to wait an average of 58.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $670 mark, reflecting a 2.14% increase in returns based on the current median price in FITZROY NORTH.

FITZROY NORTH, 3068 places 740th in Australia based on median property value growth during the quarter.

Data report can be found below

Fitzroy North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,631,000 $700,000
GROWTH REPORT
Median Quarterly -2.97% 4.87%
Median 12 month 7.83% -4.76%
Median 3 years 10.95% 8.53%
Median 5 years 42.94% 28.44%
10 years average annual 6.58% 3.2%
Weekly media advert. rent $670 $440
Time on Market 58.1 days 76.7 days
Gross Rental Yield Percent 2.14% 3.27%
demographics (median values)*
Total Population
18662
Weekly Household Income
2039
Household Size
2.30
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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