Fitzroy North

Population growth drivers in Fitzroy North are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Fitzroy North's population was 12,781 people as of the 2021 Census. By Feb 2026, it had increased to around 13,762 people, reflecting a growth of 981 individuals (7.7%) since the Census date. This increase is inferred from the ABS's estimated resident population of 13,722 as of June 2024 and an additional 254 validated new addresses since the Census date. The population density in Fitzroy North reached 5,482 persons per square kilometer by Feb 2026, placing it within the top 10% of national locations assessed by AreaSearch. This high population density makes land in the area a highly-sought resource. Fitzroy North's growth rate since the Census (7.7%) is competitive with the national average (9.9%), being within 2.2 percentage points of it.

Overseas migration contributed approximately 92.5% of overall population gains during recent periods in Fitzroy North. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections from 2023, adjusted using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. By 2041, Fitzroy North's population is projected to increase significantly, with an expected gain of 4,379 persons, reflecting a total growth of 31.5% over the 17-year period based on the latest annual ERP population numbers.

AreaSearch assessment of residential approval activity sees Fitzroy North among the top 30% of areas assessed nationwide

Fitzroy North has seen approximately 115 new homes approved annually. Over the past five financial years, from FY-21 to FY-25, around 576 homes were approved, with another 41 approved so far in FY-26. On average, about 0.3 people have moved to the area each year for every dwelling built during these five years.

This indicates that supply is meeting or exceeding demand, providing more buyer choices and supporting potential population growth beyond projections. The average construction cost of new properties is around $417,000. In FY-26 alone, $76.7 million worth of commercial development approvals have been recorded, indicating high levels of local commercial activity. Compared to Greater Melbourne, Fitzroy North has seen elevated construction activity, with a 20% increase per person over the past five years.

This maintains good buyer choice and supports existing property values. Recent construction in Fitzroy North comprises mainly townhouses or apartments (97%), with only 3% being detached dwellings. This trend towards denser development provides accessible entry options for downsizers, investors, and first-time buyers. The area has approximately 2252 people per dwelling approval, indicating an established market. According to the latest AreaSearch quarterly estimate, Fitzroy North is projected to grow by 4339 residents by 2041. Development in the area is keeping pace with this projected growth, though buyers may face increasing competition as the population expands.

Fitzroy North has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

The performance of a region is significantly impacted by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 33 such projects that are expected to influence the area. Notable projects include Liverpool St, Queens Parade Service Lane Upgrade, Piedimonte Supermarket Redevelopment, and YarraBend - Paperworks Building. The following list details those projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

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Employment conditions in Fitzroy North remain below the national average according to AreaSearch analysis

Fitzroy North has a highly educated workforce with notable representation in the technology sector. Its unemployment rate was 5.6% as of an unspecified past year. As of September 2025, 8,823 residents are employed, with an unemployment rate of 5.6%, which is 0.9% higher than Greater Melbourne's rate of 4.7%.

Workforce participation in Fitzroy North is 76.3%, compared to Greater Melbourne's 71.0%. According to Census responses, 54.9% of residents work from home. The dominant employment sectors are professional & technical, health care & social assistance, and education & training. Fitzroy North shows strong specialization in professional & technical services, with an employment share twice the regional level.

However, construction has limited presence, with only 4.1% of employment compared to 9.7% regionally. The area appears to offer limited local employment opportunities, as indicated by the ratio of Census working population to resident population. Between September 2024 and September 2025, employment in Fitzroy North increased by 4.6%, while the labour force grew by 4.8%, resulting in a rise in unemployment rate of 0.2 percentage points. In contrast, Greater Melbourne saw employment grow by 3.0%, with a labour force increase of 3.3% and an unemployment rate rise of 0.3 percentage points. National employment forecasts from Jobs and Skills Australia, published in May-25, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Fitzroy North's employment mix suggests local employment should increase by 7.5% over five years and 15.0% over ten years.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Fitzroy North SA2 has one of the highest incomes nationally. The median income is $72,980 and the average income stands at $106,837. This contrasts with Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, estimated incomes for September 2025 would be approximately $79,001 (median) and $115,651 (average). Census data reveals that household, family, and personal incomes in Fitzroy North rank highly nationally, between the 83rd and 93rd percentiles. Income brackets indicate that the $1,500 - $2,999 bracket dominates with 28.0% of residents (3,853 people), consistent with broader trends across the surrounding region showing 32.8% in the same category. Notably, 38.9% earn above $3,000 weekly. High housing costs consume 16.3% of income, but strong earnings place disposable income at the 81st percentile nationally. The area's SEIFA income ranking places it in the 9th decile.

Fitzroy North displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Fitzroy North's dwellings, as per the latest Census, consisted of 14.3% houses and 85.6% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Fitzroy North stood at 26.5%, with mortgaged dwellings at 23.0% and rented ones at 50.5%. The median monthly mortgage repayment was $2,500, higher than Melbourne metro's average of $2,000. Median weekly rent in Fitzroy North was $481, compared to Melbourne metro's $390. Nationally, Fitzroy North's mortgage repayments were significantly higher at $2,500 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Fitzroy North features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households account for 53.4% of all households, including 19.4% couples with children, 26.7% couples without children, and 6.3% single parent families. Non-family households constitute the remaining 46.6%, with lone person households at 34.4% and group households comprising 12.2%. The median household size is 2.2 people, which is smaller than the Greater Melbourne average of 2.6.

Fitzroy North shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Fitzroy North's educational attainment exceeds national and state averages. Among residents aged 15+, 64.2% have university qualifications, compared to Australia's 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 38.0%, followed by postgraduate qualifications (19.8%) and graduate diplomas (6.4%). Technical qualifications account for 14.8%, with advanced diplomas at 7.6% and certificates at 7.2%.

Educational participation is high, with 27.2% of residents currently enrolled in formal education. This includes 11.0% in tertiary education, 6.6% in primary education, and 5.1% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Fitzroy North has 71 active public transport stops, serving a mix of light rail and bus routes. These stops are covered by 13 different routes, facilitating 9,216 weekly passenger trips in total. The area's transport accessibility is rated as excellent, with residents typically located just 122 meters from the nearest stop. Most residents commute outward due to its residential nature. Car remains the primary mode of transport at 53%, followed by cycling at 14% and walking at 12%. Vehicle ownership averages 0.7 per dwelling, below the regional average.

According to the 2021 Census, 54.9% of residents work from home, which may reflect COVID-19 conditions. Service frequency across all routes averages 1,316 trips per day, equating to approximately 129 weekly trips per stop.

Fitzroy North's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Fitzroy North's health data shows positive outcomes with mortality rates and health conditions comparable to national benchmarks. Common health conditions are low among the general population but higher in older, at-risk cohorts. Private health cover is exceptionally high at 74% (10,183 people), compared to Greater Melbourne's 56.7% and Australia's 55.7%.

Mental health issues and asthma are the most common conditions, affecting 12.1% and 8.9% respectively. 67.3% of residents report no medical ailments, slightly lower than Greater Melbourne's 72.6%. Health outcomes among working-age residents are typical. The area has a higher proportion of seniors aged 65 and over at 16.6% (2,281 people), compared to Greater Melbourne's 15.1%, but ranks lower nationally.

The level of cultural diversity witnessed in Fitzroy North was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Fitzroy North's population showed higher cultural diversity compared to most local areas, with 25.9% born overseas and 16.7% speaking a language other than English at home. Christianity was the predominant religion in Fitzroy North, accounting for 26.3% of its population. Notably, Judaism had an overrepresentation at 0.7%, compared to Greater Melbourne's 1.0%.

In terms of ancestry, the top three groups were English (25.3%), Australian (17.9%), and Irish (11.9%). These figures exceeded regional averages: English by 5.2%, Australian by 7.8%, and Irish by 5.4%. There were also notable differences in representation of French (1.1% vs regional 0.5%), Scottish (9.6% vs 5.6%), and Italian (6.5% vs 5.2%) ethnic groups.

Fitzroy North's population is slightly younger than the national pattern

Fitzroy North has a median age of 36 years, nearly matching Greater Melbourne's average of 37 and slightly below Australia's median of 38. Compared to Greater Melbourne, Fitzroy North has a higher percentage of residents aged 25-34 (26.1%) but fewer residents aged 5-14 (7.2%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.4%. According to the 2021 Census, the percentage of residents aged 25-34 has increased from 24.7% to 26.1%, while those aged 15-24 have risen from 10.1% to 11.3%. Meanwhile, the percentage of residents aged 35-44 has decreased from 15.4% to 13.7%. By 2041, demographic modeling projects significant changes in Fitzroy North's age profile, with the strongest growth expected in the 45-54 cohort (58%), adding 906 residents to reach a total of 2,464.