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City of Yarra

Fitzroy

Fitzroy Property Market
& Suburb Profile

MEDIAN PRICES IN FITZROY

Median house price

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

House price change

(all agencies, last 12 months)+5.56%

Median unit price

(all agencies, last 12 months)$765k^*

Unit price change

(all agencies, last 12 months)+1.38%

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

FITZROY price TRACKER

HousesUnits

Fitzroy sales overview

Sold by Auction 65%
Sold by Private Sale or Other Method 35%
(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

(all agencies, last 12 months)68%

Average held period in Fitzroy

(proptrack)13 years

Fitzroy Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$965pw

Median rental price for Units

(all agencies, last 12 months)$645pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)3.29%

Average rental yield for Units

(all agencies, last 12 months)4.13%

Fitzroy total population size

(as at the last census)10,431

Median household size in Fitzroy

(as at the last census)2

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

Fitzroy property types

Houses 28%
Units 39%
Other 33%

OCCUPANCY in Fitzroy

Owned 38%
Rented 59%
Other/Not Stated 3%

Singles 38%
Families 49%
Other 12%

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About Fitzroy

Fitzroy was Melbourne's first suburb, created in 1839 when the area between Melbourne and Alexandra Parade (originally named Newtown) was subdivided into vacant lots and offered for sale.

Like other inner-city suburbs of Melbourne, Fitzroy underwent a process of gentrification during the 1980s and 1990s. The area's manufacturing and warehouse sites were converted into apartments, and the corresponding rising rents in Fitzroy saw many of the area's residents move to Northcote and Brunswick. In June 1994, the City of Yarra was created, by combining the Cities of Fitzroy, Collingwood and Richmond.

Newtown was later renamed Collingwood, and the area now called Fitzroy (west of Smith Street) was made a ward of the Melbourne City Council. On 9 September 1858, Fitzroy became a municipality in its own right, separate from the City of Melbourne.

Fitzroy's housing is diverse. It has some of Melbourne's earliest surviving houses and one of Melbourne's most extensive stands of terraced housing, along with a mix of converted industrial and commercial buildings, walk-up flats, modern apartments and public housing.

Among the earliest homes are Royal Terrace (1853–1858) on Nicholson Street. Overlooking the Carlton Gardens, Royal Terrace was one of the first of its kind in Melbourne. Fitzroy's "character housing" (pre-war) is now mostly gentrified and highly sought after real estate.

Due to its desirability as a place to live, Fitzroy faces increasing pressure for residential development. Recent residential projects in Fitzroy have sought to express a sense of Fitzroy's urban character in various ways and have been hotly contested in some cases.

If you're a dog owner then Edinburgh Gardens is one of the more popular parks located in North Fitzroy, constantly filled with people having BBQs, playing footy or skateboarding. The gardens also have many eateries and pubs nearby, with friendly staff that will welcome your pooch with a bowl of water and endless pats. Darling Park despite its smaller size, it is packed with lush greenery and has a great community atmosphere.

Suburbs Nearby:

East Melbourne
Collingwood
Clifton Hill
Carlton North
Carlton
Fitzroy North

Are we missing anything about Fitzroy, or does anything here need updating? Feel free to email us suggestions to: [email protected]

Education

Academy of Mary Immaculate

Fitzroy Primary School

Sacred Heart School

Fitzroy MARKET INSIGHTS

Year	Properties Sold	Median Sale Price (All Residential)	Sales Growth YoY	Properties Leased	Median Rental Price (All Residential)	Rental Yield
2025	236	$1,237,500	5.56%	505	$805pw	3.71%
2024	230	$1,247,500	12.18%	548	$809pw	3.86%
2023	222	$1,195,000	7.22%	542	$770pw	3.70%
2022	233	$1,122,250	-1.52%	714	$698pw	3.35%
2021	279	$1,165,750	3.54%	754	$646pw	3.05%

Year	Sold	Median Sale Price (All Residential)	Sales Growth YoY
2025	236	$1,237,500	+5.56%
2024	230	$1,247,500	+12.18%
2023	222	$1,195,000	+7.22%
2022	233	$1,122,250	-1.52%
2021	279	$1,165,750	+3.54%

Year	Leased	Median Rental Price (All Residential)	Rental Yield
2025	505	$805pw	3.71%
2024	548	$809pw	3.86%
2023	542	$770pw	3.70%
2022	714	$698pw	3.35%
2021	754	$646pw	3.05%

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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 October 2024 to 31 October 2025, last updated 31 October 2025.