The median house price in Fitzroy North is $1,680,000 as of Q2 2025 (REIV), with a median unit price of $620,000. Fitzroy North is one of Melbourne’s most sought-after inner-north suburbs, combining Victorian-era housing stock with strong rental demand and consistent capital appreciation.
Fitzroy North Property Market at a Glance
| Metric | House | Unit |
|---|---|---|
| Median Price | $1,680,000 | $620,000 |
| Gross Rental Yield | 2.2% | 4.1% |
| 5-Year Capital Growth | 36% | 24% |
| Median Weekly Rent | $710/wk | $490/wk |
| Days on Market | 21 | 18 |
Why Fitzroy North Is One of Melbourne’s Best Suburbs
Fitzroy North sits 3km from the CBD with direct tram access along St Georges Road and Nicholson Street. The suburb’s Victorian and Edwardian terrace housing stock is among Melbourne’s most architecturally significant. Median household income is $2,450/wk (ABS 2021) — reflecting its highly educated, professional demographic.
Fitzroy North Investment Analysis
GeeVee rates Fitzroy North 8.1/10 for capital growth and 6.4/10 for rental yield. The suburb suits both capital growth investors and yield-focused investors targeting the strong professional rental market. Walk score is 96 (Walker’s Paradise).
Frequently Asked Questions
What is the median house price in Fitzroy North in 2026?
The median house price in Fitzroy North is $1,680,000 (REIV Q2 2025), with 36% growth over five years.
Is Fitzroy North a good investment?
Yes. Fitzroy North combines capital growth, strong rental demand and proximity to the CBD — a rare combination that makes it consistently attractive to investors and owner-occupiers.
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