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 around 13,942 as of November 2025. This figure reflects an increase of 1,161 people since the 2021 Census, which reported a population of 12,781. The change is inferred from the estimated resident population of 13,722 in June 2024 and an additional 252 validated new addresses since the Census date. This results in a population density ratio of 5,554 persons per square kilometer, placing Fitzroy North in the top 10% of national locations assessed by AreaSearch. The area's 9.1% growth since the 2021 census exceeded the national average of 8.9%, indicating it as a growth leader in the region. Overseas migration contributed approximately 92.5% of overall population gains during recent periods, driving the primary growth for Fitzroy North.

AreaSearch is adopting 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 VIC State Government's Regional/LGA projections released in 2023, adjusting using weighted aggregation methods from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Population projections forecast a significant increase in the top quartile of national areas, with Fitzroy North expected to grow by 4,379 persons to 2041 based on the latest annual ERP population numbers, reflecting a gain of 29.8% over the 17-year period.

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 FY21 to FY25, around 576 homes were approved, with another 40 approved so far in FY26. On average, about 0.3 people moved to the area each year for every dwelling built during these years.

This suggests that housing supply is meeting or exceeding demand, providing more buyer choices while supporting potential population growth beyond projections. The average expected construction cost of new properties was around $417,000. In FY26 alone, $76.7 million in 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 trend supports good buyer choice and maintains existing property values. Recent construction in Fitzroy North primarily consists of townhouses or apartments (97%), with only 3% detached dwellings. This shift towards denser development offers accessible entry options, appealing to downsizers, investors, and entry-level buyers. As of now, there are approximately 2252 people per dwelling approval in the area, indicating an established market. Looking ahead, Fitzroy North is projected to grow by 4159 residents by 2041, according to AreaSearch's latest quarterly estimate. Development is keeping pace with this projected growth, although buyers may face increasing competition as the population expands.

Fitzroy North has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 33 projects likely to impact the area. Notable projects include Liverpool St, Queens Parade Service Lane Upgrade, Piedimonte Supermarket Redevelopment, and YarraBend - Paperworks Building. The following list details those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

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

Fitzroy North has a highly educated workforce, with the technology sector prominently represented. Its unemployment rate was 5.6% in the past year, with an estimated employment growth of 4.6%.

As of September 2025, 8,823 residents are employed, while the unemployment rate is 0.9% higher than Greater Melbourne's rate of 4.7%. Workforce participation is high at 70.9%, compared to Greater Melbourne's 64.1%. The dominant employment sectors include professional & technical, health care & social assistance, and education & training. Notably, the area specializes in professional & technical jobs, with an employment share of 2.0 times the regional level.

However, construction has limited presence at 4.1%, compared to the regional average of 9.7%. The area appears to offer limited local employment opportunities, as indicated by Census data comparing working population and resident population. Between September 2024 and September 2025, employment increased by 4.6% while labour force grew by 4.8%, causing the unemployment rate to rise by 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. State-level data from 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 indicate that national employment is projected to expand by 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, based on a simple weighting extrapolation for illustrative purposes.

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 2022 shows that Fitzroy North SA2 has one of the highest incomes nationally. The median income is $71,021 and the average income stands at $107,638. This contrasts with Greater Melbourne's median income of $54,892 and average income of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, estimated incomes as of September 2025 would be approximately $79,657 (median) and $120,727 (average). Census data reveals that household, family and personal incomes in Fitzroy North rank highly nationally, between the 83rd and 93rd percentiles. The income bracket of $1,500 - 2,999 dominates with 28.0% of residents (3,903 people), consistent with broader trends across the surrounding region showing 32.8% in the same category. A significant 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 above-average rates of outright home ownership

In Fitzroy North, as per the latest Census, 14.3% of dwellings were houses while 85.6% consisted of other types such as semi-detached homes, apartments and 'other' dwellings. In comparison, Melbourne metropolitan area had 12.8% houses and 87.2% other dwellings. Home ownership in Fitzroy North stood at 26.5%, with mortgaged properties at 23.0% and rented ones at 50.5%. The median monthly mortgage repayment in the area was $2,500, surpassing Melbourne metro's average of $2,326. Meanwhile, the median weekly rent figure for Fitzroy North was $481 compared to Melbourne metro's $451. Nationally, Fitzroy North's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Fitzroy North features high concentrations of group households and lone person households, with a higher-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 make up the remaining 46.6%, with lone person households at 34.4% and group households comprising 12.2% of the total. The median household size is 2.2 people, which is larger than the Greater Melbourne average of 2.0.

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

Fitzroy North has a notably higher level of educational attainment than national and state averages. Specifically, 64.2% of residents aged 15 years or older possess university qualifications, compared to the Australian average of 30.4%, and the Victorian average of 33.4%. This is reflected in the types of qualifications held by residents: Bachelor degrees are most common at 38.0%, followed by postgraduate qualifications (19.8%) and graduate diplomas (6.4%). Technical qualifications represent 14.8% of educational achievements, with advanced diplomas making up 7.6% and certificates representing 7.2%.

Educational participation is high in the area, 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 70 active public transport stops. These include train, light rail, and bus services. There are 14 individual routes operating in total.

They provide 8,460 weekly passenger trips combined. Residents have excellent transport accessibility, with an average distance of 122 meters to the nearest stop. All routes together make 1,208 trips daily, which equals about 120 weekly trips per stop.

Fitzroy North's residents are relatively healthy in comparison to broader Australia with common health conditions slightly more prevalent than average across both younger and older age cohorts

Fitzroy North's health metrics are close to national benchmarks. Common health conditions are slightly more prevalent than average across both younger and older age cohorts. The rate of private health cover is exceptionally high, at approximately 75% of the total population (10,414 people), compared to 69.8% across Greater Melbourne and a national average of 55.3%.

The most common medical conditions in the area are mental health issues and asthma, impacting 12.1% and 8.9% of residents respectively. 67.3% of residents declare themselves completely clear of medical ailments, compared to 70.6% across Greater Melbourne. 16.1% of residents are aged 65 and over (2,239 people), which is higher than the 12.1% in Greater Melbourne. This is broadly in line with the general population's health profile.

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 than most other 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 a slightly higher representation in Fitzroy North at 0.7%, compared to Greater Melbourne's 0.8%.

The top three ancestral groups were English (25.3%), Australian (17.9%), and Irish (11.9%). Some ethnic groups showed significant differences: French was overrepresented at 1.1% in Fitzroy North versus 0.8% regionally, Scottish at 9.6% compared to 8.6%, and Italian at 6.5% against 4.8%.

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 proportion of residents aged 25-34 (26.5%) but fewer residents aged 5-14 (7.3%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. According to the 2021 Census, the proportion of residents aged 25 to 34 has increased from 24.7% to 26.5%, while those aged 15 to 24 have risen from 10.1% to 11.2%. Conversely, the proportion of residents aged 35 to 44 has decreased from 15.4% to 14.0%. By 2041, demographic modeling projects significant changes in Fitzroy North's age profile, with the strongest growth projected for the 45 to 54 cohort (55%), adding 876 residents to reach a total of 2,464.