In 1955 a typical Fitzroy house was about $11,000, or 6.5 years of an average wage. In 2026 it is about $1.8M, or 18 years. Here is the decade-by-decade version, what was standing when, and what her block does now.
Modelled, not measured. Prices are the Melbourne median house price of the day (rounded, dollars of the day) scaled to where Fitzroy sits against the city median in 2026, blended toward the median for earlier decades because suburbs move up and down the ladder. Wages are national average full-time earnings. Treat every figure as "about". For actual sales history, ask an agent or the state valuer.
Commission homes on the fringe; weatherboards and brick closer in.
Triple-fronted cream brick, timber floors on stumps.
Brown brick project homes, ducted gas, a family room.
The ensuite arrives. Rumpus rooms and pergolas.
Four-two-two under one roof. Federation-revival gables.
Biggest houses in the world. Alfresco and theatre room.
Dual occupancies everywhere. Black frames and butler's pantries.
7-star, no new gas, townhouse pairs. Or a rebuild on Nan's.
Includes ~25% infill that replaced an earlier house.
Rebuild pressure in Fitzroy is low. Streets look much as they did. Occasional renovation, very little demolition. Warehouse conversions and rear extensions. Melbourne's oldest suburb does not demolish.
Locals know: Yarra's heritage controls cover even the colour you can paint the front. Budget for a heritage consultant on any external work.
A typical Fitzroy block is 120-300m² terraces and cottages. Three realistic paths in 2026.
One 230-280m² family home on the full block, $650K-$1.2M depending on builder tier and suburb.
Read the guideRestump, rewire, roof and a bathroom: $70K-$140K to bring an old Melbourne house up to modern comfort.
Read the guideModelled on the Melbourne median of the day and Fitzroy's current position relative to the city, a typical Fitzroy house was around $17,500 in 1965, or about 6.3 years of an average full-time wage. In 2026 it is around $1.8M, or about 18 years of wages. These are indicative figures, not sales records.
Roughly 25% of today's homes in Fitzroy are infill: townhouses, courtyard homes or rebuilds that replaced an earlier house. Rebuild pressure is low: Streets look much as they did. Occasional renovation, very little demolition.
The largest share of Fitzroy (60%) is villas and cottages (1850s-1910s). Victorian and Edwardian weatherboards and brick terraces, iron lace, slate or iron roofs, timber floors on stumps, rooms off a hall.
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