Fitzroy snapshot
- Median price: $1,060,588
- Median weekly rent: $815/wk
- Population: 10,431
- Days on market: 51 days
How Fitzroy stacks up
- Rental Yield: Moderate
- Capital Growth: Soft
- Vacancy: Average
About Fitzroy
Fitzroy, located in Victoria, is an appealing suburb for property investors due to its vibrant community and urban lifestyle. With a population of over 10,400 residents, the suburb boasts a median property price of approximately $1,060,588, indicating a robust interest in real estate within the area. Investors may find the moderate rental yield attractive, especially given the median weekly rent of $815, which reflects the demand for rental properties in this lively locale.
While capital growth has been classified as soft, the average rental vacancy suggests a steady demand for rental properties. With typical days on the market averaging around 51, investors can expect a reasonable turnover of properties, making Fitzroy a suburb worth considering for those looking to diversify their investment portfolio in a culturally rich environment.
Frequently asked questions
What is the median property price in Fitzroy?
The median property price in Fitzroy is approximately $1,060,588.
How much is the average weekly rent?
The median weekly rent in Fitzroy is $815.
What is the population of Fitzroy?
Fitzroy has a population of 10,431 residents.
How long do properties typically stay on the market?
Properties in Fitzroy typically stay on the market for around 51 days.
What is the rental vacancy situation in Fitzroy?
The rental vacancy in Fitzroy is considered average.