Fitzroy, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Fitzroy
VICCensus 2021 · Population 10,431
Fitzroy, with a population of 10,431, is characterized by a youthful median age of 35, slightly younger than the Victorian average of 38. The suburb has a balanced gender distribution with 48.6% male and 51.4% female residents. The area is predominantly inhabited by couples without children, making up 56.8% of households, and has a significant proportion of single-person households at 38.3%. Education levels are notably high, with 54.0% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%. The suburb also has a high median personal weekly income of $1,265, significantly above the Victorian average.
Key Highlights
- Highly educated population - 54.0% hold bachelor degrees (vs VIC 29.2%)
- High median personal weekly income - $1,265 (vs VIC $1,759 for households)
- Significant work-from-home culture - 48.1% (vs VIC 25.7%)
- Renter-heavy housing market - 58.8% rented properties (vs VIC 28.5%)
- Diverse cultural background - 60.3% born in Australia, with significant overseas-born residents
Things to Consider
- High rental market may limit ownership opportunities
- Low percentage of separate houses - 3.2% (vs VIC 73.4%)
- Higher incidence of mental health conditions at 12.2%
- Limited space for families with average household size of 2.0
- High median monthly mortgage of $2,500
What's it like living here?
Daily life in Fitzroy is marked by a strong emphasis on professional careers, with 47.7% of the workforce employed as professionals. The suburb has a high work-from-home rate of 48.1%, nearly double the Victorian average, reflecting a flexible work culture. Commuting by car is less common, with only 16.9% of residents driving to work, while public transport usage is at 7.7%. The community has a vibrant feel, with a diverse mix of cultural backgrounds and a high percentage of rented properties at 58.8%.