Fitzroy North (postcode 3068) is an established suburb in Victoria within the Yarra local government area. It is home to about 12,781 residents, with a blend of families and working-age professionals and a median age of 36. Households earn a median income of $120K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Fitzroy North is $1.5 million, having declined by 4% over the past year. Units have a median price of $578,000 (-17.2% YoY). The current median weekly rent is $725. This gives a gross rental yield of approximately 2.4%. 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.
On the investment side, Fitzroy North shows a gross rental yield of approximately 2.4%, 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. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.