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Suburb Insights ยท VIC 3068

Fitzroy North 3068, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Fitzroy North is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 12,781, making it a smaller community. Located 4 km from the Melbourne CBD, Fitzroy North is a middle ring area in Victoria. The median household income is $119,600 AUD per year (ABS 2021 Census).

Investment Score

86 / 100 Strong

Strong household incomes in Fitzroy North underpin solid property demand. Its proximity to the CBD adds a strong location premium.

Location

Map shows Fitzroy North, Victoria, Australia.

Key Indicators

Postcode
3068

Official Australia Post postcode for Fitzroy North. A postcode may cover multiple suburbs.

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Population
12,781

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$481/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$119,600/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
4 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,500/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
13% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Fitzroy North's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $481/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. A median household income of $119,600/year supports premium property values and indicates a well-employed resident base. With only 13% separate houses, Fitzroy North has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Fitzroy North's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Rental returns in Fitzroy North are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Fitzroy North's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Fitzroy North property

Full Property Analysis

30-year projections for Fitzroy North

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Fitzroy North enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. The rental market in Fitzroy North should see steady occupancy, with moderate upward pressure on rents. Confidence in Fitzroy North's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Fitzroy North a good suburb for investment?

Fitzroy North is a middle ring area in Victoria with a population of 12,781. The median rent is $481/week and the median household income is $119,600/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Fitzroy North?

Key demand drivers in Fitzroy North include established amenities and transport access. 13% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Fitzroy North?

According to the ABS 2021 Census, Fitzroy North has a population of approximately 12,781. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Fitzroy North from the Melbourne CBD?

Fitzroy North is approximately 4 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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