Melbourne

Fitzroy North is located 4km North of the Melbourne CBD and on the banks of the Yarra River. It has a distinct character, noted for its prevalence of wide streets, intact Victorian and Edwardian era terraced housing and for the Edinburgh Gardens, a large inner-city park formerly homes to the Fitzroy Football Club.

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Price, availability, insights & virtual tour.

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Starting Price

Type

Suitability

Asset Class

$750000

Apartment

Experienced Investors

Residential

Annual Growth

Average Yield

Population Growth

House/Apartment Ratio

8%

4.0%

8%

208%

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Our key measures explained by Dr Andrew Wilson

Chief Economist at Wealthi.

Annual Growth

Annual growth is a measure of the price growth in median prices for the asset type we are recommending. For example, if we're recommending a house investment, we will use median house price growth adjusted for any anomolies in the data. 

Average Yield

Yield represents the total median rental income divided by the median asset price over the period. Our preference is to work with data across a large sample, to reduce any issues with one-off transactions which could skew the data. 

Population Growth

Population growth is a great long term source for measuring long term demand. This isn't an instant measure, there are often lags with government population growth measurements. So we're really looking at the long term here and trying to find areas where population growth is greater then recent price growth.

House/Apartment Ratio

We look for apartments in areas where the price gap with houses is large. This is a long term strategy where we believe, apartments will rise in value and close the gap relative to houses. Areas where the house price to apartment ratio exceeds 150% are generally attractive for apartment investors. 

Fitzroy North