fitzroy

3065, Victoria

Real Estate & Property Information

Median
Price Rank
57

fitzroy Suburb Profile & Review

Whether it's Brunswick Street or Smith Street, the live pub scene or the shopping venues, Fitzroy residents have their finger on the pulse of inner city Melbourne. Fitzroy has a diverse population and its terrace houses stand side by side with high-rise apartment buildings and public housing estates.

As one of Melbourne's most popular streets, Brunswick Street is overrun with galleries, bookstores, live music venues and alternative fashion shops. Its coffee shops and eateries are often viewed as some of Melbourne's best. Favourites include Bimbo Deluxe, with its famous $4 pizzas and house-made infused flavoured vodkas, and Little Creatures Dining Hall, an offshoot of the popular Perth brewery that serves delicious food along with its namesake's beers on tap.

St Vincent's Hospital can be found on Victoria Parade, while Fitzroy Primary School and Sacred Heart Primary School both cater to younger children in the area. Though no train station is located in Fitzroy itself, the nearest stations are Rushall Station in North Fitzroy and Collingwood Station. Three tram lines travel through Fitzroy on their way from outer northern suburbs into the city; route numbers 86, 96 and 112. The popularity of cycling in the area is evident in a bike share station located near the St Vincent's Plaza tram interchange.

fitzroy Demographic Data

$ 873,000 Median House Price

9 Minutes Average Commute

33 Median Age

9,430 Population

50.66 % Female

49.34 % Male

1979 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in fitzroy, Victoria.

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fitzroy Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

fitzroy Median House Prices

  • 2008 $ 716,000
  • 2009 $ 707,500
  • 2010 $ 785,000
  • 2011 $ 789,000
  • 2012 $ 873,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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fitzroy 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in fitzroy have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term fitzroy property price predictions.

fitzroy Market Property Types

  • 3 % Seperate House
  • 38 % Semi Detached
  • 58 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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fitzroy Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

fitzroy Income & Mortgage Stats

  • $ 1,484 Median Weekly Household Income
  • $ 2,238 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in fitzroy

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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fitzroy Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

fitzroy Sold Property Prices

fitzroy Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

fitzroy Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

fitzroy Restaurants

  • Yong Green Food421 Brunswick Stfitzroy VIC 306503 9417 3338
  • Viet Rose363 Brunswick St fitzroy VIC 306503 9417 7415
  • Vegie Bar380 Brunswick Stfitzroy VIC 306503 9417 6935

fitzroy Cafes

  • Newtown Social Club180 Brunswick Stfitzroy VIC 306503 9415 7337
  • Black Cat252 Brunswick Stfitzroy VIC 306503 9419 6230
  • Cafe Umago171 Brunswick Streetfitzroy VIC 306503 9417 4664

fitzroy Schools

  • Simonds College20 York Stfitzroy VIC 3065(03) 9403 6800Catholic Secondary School
  • Academy of Mary Immaculate88 Nicholson Streetfitzroy VIC 3065(03) 9419 3044Catholic Secondary School
  • Fitzroy Learning Network198 Napier Streetfitzroy VIC 3065(03) 9417 2897Adult Multicultural Education Service

fitzroy Childcare

  • Annie Todd Childrens Centre128 Napier Streetfitzroy VIC 3065
  • East West Child Care138 George Stfitzroy VIC 3065
  • Fitzroy Primary Infant CentreGreeves Streetfitzroy VIC 3065

fitzroy Kindergarten and Preschools

  • Atherton GardensKindergartenfitzroy VIC 3065

fitzroy Sporting Centres and Clubs

  • Fitzroy Victoriafitzroy VIC 3065Bowling Club
  • Fitzroy North Skateboard Bowlfitzroy VIC 3065Skate Park Facility
  • Hunts41 Johnston Stfitzroy VIC 3065Squash Court

Find out How Much your House is Worth in fitzroy

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