Fitzroy vs Renown Park.
Comparing two suburbs with median house prices of $2,160,000 and $1,185,000.
Renown Park (median $1,185,000) is roughly 82% cheaper to buy into than Fitzroy ($2,160,000). Over the past year, Renown Park (0%) ran 17.2 percentage points ahead of Fitzroy (-17.2%) on house-price growth.
Fitzroy scores higher on walkability (76/100 vs 38/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Fitzroy (1057) sits above Renown Park (1037). Fitzroy skews owner-occupied (75%), Renown Park runs more rental-dense (46% owner).
For buyers
Renown Park is the lower entry point at $1,185,000 median, 82% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Renown Park carries both higher gross yield (2.37% 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 1037). Fitzroy also has a higher family-household share (75% vs 57%), so the catchment community skews family-heavy.
Common questions
Is Fitzroy or Renown Park cheaper to buy in?
Renown Park has the lower median house price at $1,185,000, roughly 82% 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, Fitzroy or Renown Park?
Over the past 12 months, Renown 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 Fitzroy or Renown Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Fitzroy scores 1057 vs 1037 in Renown 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, Fitzroy or Renown Park?
Fitzroy scores 76/100 on walkability vs 38/100. 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, Fitzroy or Renown Park?
Gross rental yield on houses is 2.37% in Renown 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).
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