Devon Park vs Fitzroy.
Comparing two suburbs with median house prices of $1,090,000 and $2,160,000.
Devon Park (median $1,090,000) is roughly 50% cheaper to buy into than Fitzroy ($2,160,000). Over the past year, Devon Park (0%) ran 17.2 percentage points ahead of Fitzroy (-17.2%) on house-price growth.
Fitzroy scores higher on walkability (32/100 vs 76/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Fitzroy (1057) sits above Devon Park (1048). Fitzroy skews owner-occupied (75%), Devon Park runs more rental-dense (51% owner).
For buyers
Devon Park is the lower entry point at $1,090,000 median, 50% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Devon Park carries both higher gross yield (3.20% vs 1.56%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Fitzroy edges out on average school ICSEA (1057 vs 1048). Fitzroy also has a higher family-household share (75% vs 56%), so the catchment community skews family-heavy.
Common questions
Is Devon Park or Fitzroy cheaper to buy in?
Devon Park has the lower median house price at $1,090,000, roughly 50% below Fitzroy ($2,160,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Devon Park or Fitzroy?
Over the past 12 months, Devon Park grew 0% vs -17.2% in Fitzroy, a gap of 17.2 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Devon Park or Fitzroy have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Fitzroy scores 1057 vs 1048 in Devon Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Devon Park or Fitzroy?
Fitzroy scores 76/100 on walkability vs 32/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Devon Park or Fitzroy?
Gross rental yield on houses is 3.20% in Devon Park vs 1.56% in Fitzroy. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Devon Park against another suburb