Fitzroy (5082) demand is driven by its inner‑north proximity to Adelaide, leafy character, strong local incomes and very low listings, which attracts owner‑occupiers, professionals and downsizers seeking premium detached homes. With only a handful of sales the median is volatile – broadly flat to modestly positive over the past six months – and key risks are low liquidity and interest‑rate sensitivity, while opportunities stem from limited supply, renovation upside and long‑term scarcity of well‑located blocks.