109/496-500 Brunswick Street, Fitzroy North VIC 3068
109/496-500 Brunswick Street, Fitzroy North VIC 3068
This is a first floor two bedroom two bathroom apartment in the Aquila complex, spanning 64 square metres with a wide undercover terrace facing the city skyline. It includes one car space and a storage cage, solid timber floors, double glazing, a stone kitchen with Bosch and Smeg appliances, and secure entry. The property sits on the city edge of Fitzroy North, a suburb dominated by Victorian-era villas and townhouses, making this modern apartment a distinct departure from the typical low rise heritage stock.
What is competitively strong here is the direct city skyline view from the living area and both bedrooms, a rare feature in Fitzroy North where most properties face streets or gardens. The apartment is positioned for immediate tram access to the CBD and sits adjacent to Edinburgh Gardens and the Brunswick Street dining strip. This property serves investors and urban professionals who want low maintenance living with strong rental demand, reflected in the estimated weekly return of 790 dollars. The modern finishes and secure complex also appeal to first home buyers seeking a turnkey city edge lifestyle without renovation.
The compact 64 square metre layout may feel constrained compared to the spacious Victorian terraces common in the suburb, which could limit appeal for families or those seeking more room. Noise from Brunswick Street commercial activity and tram traffic might be a factor given the first floor position. The single car space is lower level and less convenient than ground level parking. The property has seen nominal growth of roughly 11 percent over ten years, which is modest for the area, and buyers should weigh whether the city view and tram access justify the price relative to larger apartments or townhouses nearby.
Detailed Independent Property Report prepared by PropCred Analyst team for 109/496-500 Brunswick Street, Fitzroy North VIC 3068
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Fitzroy North is a premium inner-city suburb with a strong house market, attracting a young professional demographic. Demand is driven by this affluent cohort, reflected in high household incomes and population growth. Recent house price trends show robust quarterly growth, though the unit market presents a more varied performance. The suburb’s established character and limited sales volume suggest inherent supply constraints, which underpin its premium positioning but also contribute to its sensitivity to broader economic conditions affecting buyer affordability.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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