Fitzroy North, VIC 3068
Moreland City, Victoria
Good to Know
Fitzroy North, VIC 3068 is a high-value house market in the Moreland City area, currently positioned as a long-hold capital growth submarket. Located about 4 km north-east of Melbourne CBD, it is home to roughly 12,781 adults across 7,466 dwellings and has a vacancy rate of 0.77%.
According to HtAG Analytics, Fitzroy North is exhibiting supply-constrained, demand-driven behaviour. Stock on Market sits at 0.17% and Inventory at 1.19 months — well below the ~3-month balanced-market threshold — driving +2.7% YoY price growth and +5.1% YoY rent growth.
What the market data is signalling
Fitzroy North shows modest capital appreciation (+2.7% 1-year) while rents have risen faster (+5.1% 1-year), a pattern consistent with tight rental market pressure and scarce stock. The suburb's gross yield of 3.14% sits just above a common 3% threshold, supported by an opportune vacancy rate of 0.77%, Stock on Market at 0.17% and Inventory of 1.19 months. These supply constraints tend to favour landlords and can sustain rent growth even when price growth moderates. See the Markets in the Moment (MiM™) heatmap for broader positioning.
Who lives in Fitzroy North — and why it matters for investors
The suburb ranks at an IRSAD decile of 10, indicating very high relative advantage and buyer capacity, which can support price resilience over long cycles. However, the renter/owner split at 49% is currently unfavourable for owner-dominant stability, suggesting a larger rental cohort and potential for tenant-driven turnover.
The local housing mix (Units/Houses ratio 42%) sits in the neutral band; demographic and socio-economic signals like these influence volatility and return drivers — read our IRSAD Crossover study for more detail.
Why suburb-level data matters for Fitzroy North
Council-level averages can mask very tight submarkets like Fitzroy North. This suburb's own metrics — a typical house price of $1,823,083, gross yield of 3.14%, Stock on Market 0.17%, Inventory 1.19 months and median days on market 24 — tell a concentrated picture of scarcity and strong absorption that won't necessarily show up at the Moreland City level. For methodology on why granular screening matters see LGA vs Suburb research.
Download the full Fitzroy North data guide for the complete suburb dataset.
What's behind the RCS™ score of 77
The HtAG RCS™ combines three independent dimensions — risk minimisation, capital-growth potential and cashflow resilience — into a single composite so investors can match markets to strategy. A score of 77 reflects relatively strong combined outcomes, but the sub-score breakdown shows which dimension drives suitability for different plans; learn how the RCS™ is built.
To explore the detailed breakdown and scenario modelling, open Fitzroy North in HtAG Copilot.
Forward signals to watch
The vacancy rate — currently 0.77%: sustained sub-1% vacancy typically keeps upward pressure on rents and reduces downside rent risk over 12–24 months.
The building approvals ratio — currently 0.13%: this low approvals reading implies limited near-term new supply, reinforcing tightness and supporting rent and price resilience.
The Melbourne cycle phase: a city-wide shift in cycle momentum would materially affect local demand and investor sentiment in Fitzroy North, either moderating price momentum if the cycle weakens or amplifying rents and competition if city-wide demand strengthens.
Does this area meet your investment goals?
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RCS Breakdown
Fitzroy North's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
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Critical to know
Market Trends
Fitzroy North's headline values — $1,823K to buy and $1,100PW to rent, a 3.13% gross yield. Over the past decade, prices have moved 19.03% and rents 48.05% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$1,823K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$1,100PW today, with rent growth at (+5.05% YoY) compared to price growth (+2.67%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is Fitzroy North in its cycle - and is the 3.13% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
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Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping Fitzroy North's long-hold story?
Beyond the headline price, Fitzroy North carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
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Critical to know
Supply & Demand
Fitzroy North's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
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Fundamentals
Fitzroy North can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is Fitzroy North genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do Fitzroy North prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into Fitzroy North - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
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Important to know
Education & Infrastructure
Fitzroy North looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does Fitzroy North's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether Fitzroy North has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
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Full HtAG Intelligence
Fitzroy North shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether Fitzroy North has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.
The total adult population (15 years or older) of Fitzroy North 3068 VIC is 11,215, with a median age of 36. Of those, 29.37% are married, 9.94% are divorced or separated, 57.16% are single and 3.59% are widowed.
The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $12,828. The median monthly mortgage repayment for households in this suburb is $2,500 which is 19.49% of their earnings.
Source: ABS Census Data (2021)