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Fitzroy North, VIC 3068

Home » VIC Real Estate Data » Moreland City, VIC » Fitzroy North, VIC 3068

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Fitzroy North, VIC 3068 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Fitzroy North, VIC 3068”

  1. 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)

  2. In the state of VIC, the suburb of FITZROY NORTH 3068, home to an estimated 7241 households, stands out with its unique market dynamics. As we delve into the Q3 data of the year 2023, the typical house prices in this area stand at an impressive $1,462,845. These properties reap a median weekly rent of $826, leading to an indicative yield of 2.94%. Despite being marginally lower than the desired 3% return, this yield underscores a still potentially lucrative market for property investors, on the lookout for regular rental incomes.

    The socio-economic profile of FITZROY NORTH 3068, exemplified by an IRSAD score of 1125 out of 1217, signifies a prosperous community with a good access to economic resources, high average income levels, and a prevalence of skilled professions. However, the relatively high renter to owner ratio (49%) suggests a slightly competitive rental market, while the units to houses ratio of 34% points towards a sustainable balance between different types of properties.

    The affordability index for houses extends to 45 years, indicative of a lesser level of affordability compared to the standard 30-year mortgage timeframe. This might affect the demand, however, the fact that houses were typically sold under a month (24 days on the market) in Q3 2023, indicates a high demand in the FITZROY NORTH 3068 housing market.

    The low percentage of stock on the market (0.08%) and the low inventory level for homes (0.33 months) hint at a sellers’ market as there is limited choice for potential buyers. Furthermore, the slight number of building approvals for houses (0.1%) does not project a significant increase in supply in the near future.

    Despite the combined units and houses vacancy rate standing at a low 0.97%, suggesting a high rental demand, the buy search index is moderately positioned at 4. This still presents reasonable buyer interest levels for houses in this area.

    In a nutshell, FITZROY NORTH 3068 instigates as a vibrant market with high demand and controlled supply conditions for houses. Yet, it’s important for potential investors and buyers to utilise niche metrics like the RCS (Relative Composite Score), to gain a comprehensive insight into this suburb’s property market dynamics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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