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City of Yarra
Fitzroy North

Fitzroy North Property Market
& Suburb Profile

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MEDIAN PRICES IN FITZROY NORTH

Median house price

(all agencies, last 12 months)$1.7m*

House price change

(all agencies, last 12 months)+7.79%

Median unit price

(all agencies, last 12 months)$705k*

Unit price change

(all agencies, last 12 months)+6.02%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

FITZROY NORTH PRICE TRACKER

HousesUnits

FITZROY NORTH SALES OVERVIEW

  • Sold by Auction 59%
  • Sold by Private Sale or Other Method 41%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)25

Average days on market (units)

(all agencies, 12 months)28

Auction clearance rate in Fitzroy North

(all agencies, last 12 months)62%

Average held period in Fitzroy North

(proptrack)15 years

FITZROY NORTH INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$1,041pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$671pw

Unit rental price change

(all agencies, last 12 months)0.06%

Average rental yield for Houses

(all agencies, last 12 months)2.73%

Average rental yield for Units

(all agencies, last 12 months)4.85%

Fitzroy North total population size

(as at the last census)12,781

Median household size in Fitzroy North

(as at the last census)2.2

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

FITZROY NORTH PROPERTY TYPES

  • Houses 34%
  • Units 33%
  • Other 33%

OCCUPANCY IN FITZROY NORTH

  • Owned 47%
  • Rented 49%
  • Other/Not Stated 4%
  • Singles 34%
  • Families 53%
  • Other 12%

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ABOUT FITZROY NORTH

Fitzroy North is a sophisticated and highly coveted residential enclave located approximately four kilometres northeast of the Melbourne CBD. Set on elevated ground, it is distinguished from its southern namesake by its wide, tree-lined boulevards and a remarkably consistent landscape of Victorian and Edwardian era terraced housing.

The suburb is defined by a creative, community-minded atmosphere and a commitment to preserving its heritage streetscapes, making it one of the most prestigious and stable residential destinations in Melbourne’s inner north.

The lifestyle in Fitzroy North is centered on its expansive green spaces and vibrant, village-style commercial strips. The heart of the suburb is the 24-hectare Edinburgh Gardens, a sprawling parkland featuring open lawns, mature avenues of English Elms, and the historic grandstand of the W.T. Peterson Oval. This park serves as a primary social hub where residents gather for picnics, community sports, and recreation. Social life also thrives along the northern end of Brunswick Street and the wide footpaths of Queens Parade, which offer a refined mix of second-hand bookshops, artisanal bakeries, and boutique cafes. The suburb’s creative energy is further reflected in its support for contemporary art galleries and local craft studios, fostering a laid-back yet culturally rich environment.

Infrastructure and connectivity are fundamental to the suburb’s enduring appeal. Unlike many inner-city areas, Fitzroy North was designed with a spacious grid layout that prioritizes wide thoroughfares and accessibility. It is a premier location for active transport, featuring the Capital City Trail which follows the easement of the former Inner Circle railway line, providing a scenic and direct cycling link across the northern suburbs. The area is exceptionally well-served by multiple tram lines along Nicholson Street, St Georges Road, and Queens Parade, offering high-frequency transit to the city and the university precincts. These transit links, combined with the suburb's high walkability, support a lifestyle that minimizes car dependency while maintaining seamless metropolitan access.

Education and community facilities are cornerstone features of the neighborhood. The suburb is home to long-standing institutions such as Fitzroy North Primary School and the innovative Fitzroy High School, the latter recognized for its award-winning architectural design and modern learning spaces. These schools act as vital social anchors, often hosting community markets and events that bring together diverse generations of residents. The suburb also benefits from dedicated community resources like the Bargoonga Ganadhal (North Fitzroy Library and Community Hub), which provides modern library services, maternal and child health facilities, and bookable meeting spaces that support local organisations and lifelong learning.

From a property perspective, Fitzroy North is an elite and resilient market characterized by a high proportion of owner-occupiers and meticulously maintained period homes. The housing stock is dominated by grand double-storey terraces and single-fronted cottages, many featuring characteristic Victorian ironwork and stone embellishments.

Due to strict heritage controls and the suburb’s status as a largely residential zone, the architectural integrity of the area remains highly intact. This scarcity of new large-scale developments, combined with the suburb's proximity to the city and world-class parklands, ensures that it remains a stable and highly sought-after investment.

Education

Deutsche Schule Melbourne
Fitzroy Community School
Fitzroy High School
Fitzroy North Primary School
Merri Creek Primary School
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SALES COMPARISON

Find out how Fitzroy North median sales prices compare to neighbouring suburbs.

FITZROY NORTH MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
2025314$1,182,5007.79%524$856pw3.79%
2024260$1,101,250-5.22%485$787pw3.80%
2023218$1,129,2500.31%520$748pw3.54%
2022239$1,157,500-4.71%768$695pw3.32%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
2025314$1,182,500+7.79%
2024260$1,101,250-5.22%
2023218$1,129,250+0.31%
2022239$1,157,500-4.71%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
2025524$856pw3.79%
2024485$787pw3.80%
2023520$748pw3.54%
2022768$695pw3.32%

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.