Market snapshot
Suburb insights for Fitzroy3065
Change suburbFitzroy, approximately 3 km northeast of the CBD, holds the distinction of being Melbourne’s first planned suburb, established in 1839, and remains its smallest outside the CBD, spanning only around 1.4?km². It is now a vibrant cultural hub, celebrated for its dense mix of street art, independent galleries, vintage and boutique shops, live music venues, cafés, and pubs along Smith, Brunswick, and Gertrude Streets. Following gentrification in the 1980s and 1990s, the area blends heritage terraces and warehouse conversions with creative energy and a thriving arts community.
Recent sales and auction results in Fitzroy
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 281 Fitzroy St, Fitzroy | 2 |  | House | Passed in at Auction | 5/12/2025 | Nelson Alexander | View |
| 15 Kent St, Fitzroy | 4 |  | House | Passed in at Auction | 5/12/2025 | Nelson Alexander | View |
| 701/131 Smith St, Fitzroy | 3 | | Apartment | Private Sale | 24/11/2025 | Jellis Craig | View |
Sales data
Median sale price
$1.7mil
Quarterly price change
-5%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Fitzroy | Metro comparison |
|---|---|---|
| 2 | $1,362,500 | $910,000 |
| 3 | $1,832,500 | $830,000 |
| 4 | $2,352,500 | $951,500 |
| Insight | Fitzroy | Metro comparison |
|---|---|---|
| Clearance rate | 83.3% | 81.4% |
| Days on market | 41 | 36 |
Rental data
Median weekly rent
$950
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Fitzroy | Metro comparison |
|---|---|---|
| 2 | $850 | $580 |
| 3 | $1,200 | $550 |
| 4 | - | $600 |
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