Fitzroy is a well-established suburb in Victoria within the Yarra local government area (postcode 3065). With a population of 10,431, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $114K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fitzroy is $1.8 million, having surged 14.4% over the past year. Units have a median price of $768,000 (-7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Fitzroy is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 36 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Fitzroy offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +14.4% year-on-year.
Fitzroy is a well-established suburb in Victoria within the Yarra local government area (postcode 3065). With a population of 10,431, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $114K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fitzroy is $1.8 million, having surged 14.4% over the past year. Units have a median price of $768,000 (-7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Fitzroy is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 36 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Fitzroy offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +14.4% year-on-year.