Fitzroy North is a well-established suburb in Victoria within the Yarra local government area (postcode 3068). With a population of 12,781, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $120K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fitzroy North is $1.5 million, having declined 4% over the past year. Units have a median price of $698,000 (+2.6% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
Fitzroy North is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1166, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 63 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Fitzroy North offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -4.0% year-on-year.
Fitzroy North is a well-established suburb in Victoria within the Yarra local government area (postcode 3068). With a population of 12,781, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $120K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fitzroy North is $1.5 million, having declined 4% over the past year. Units have a median price of $698,000 (+2.6% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
Fitzroy North is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1166, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 63 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Fitzroy North offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -4.0% year-on-year.