North Fitzroy

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Fitzroy North has been one of the best performing suburbs in Melbourne's north east over the last five years.
Its median house price has soared from just over $1 million to $1.36 million, a price difference of $360,000.
Only Clifton Hill (+427,750) and Parkville (+$890,000) have seen their median house price grow further.
To get the latest suburb data on Fitzroy North from CoreLogic, <a href="https://www.urban.com.au/news/10554-fitzroy-north-vic" target="_blank">click here</a>.
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Fitzroy North, sometimes called North Fitzroy, has a distinct character, noted for its prevalence of wide streets, intact Victorian and Edwardian era terraced housing and for the Edinburgh Gardens, a large inner-city park formerly home to the Fitzroy Football Club. 
Fitzroy North is adjacent to, and shares a postcode and neighbourhood character with Clifton Hill, both being government subdivisions set on elevated ground and to the same layout by Clement Hodgkinson in the 1870s.
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What if you bought in Fitzroy North five years ago?

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A Fitzroy North landholding on Queens Parade with triple street frontages is being offered to market.
The 3,200 sqm development site is situated on a prime corner landholding at 81-89 Queens Parade, with triple street frontages to Alexandra Parade, Queens Parade, and George Street.
Savills Australia’s Clinton Baxter, Jesse Radisich and Benson Zhou have been appointed to manage the expressions of interest campaign with expectations of above $18 million.
“The upside potential of this site is profound, and we have already commenced fielding interest from major local and offshore developers keen to know more about this project,” said Mr Baxter.
“There is approved planning in place for an 8-level Cox Architecture mixed-use commercial project.”
“81-89 Queens Parade is arriving at a time and place that meets the strongest commercial office markets in decades,” added Mr Baxter.
Mr Zhou said that “whilst there has been talk of reducing Chinese capital in our market, Savills has sold more than half of our last 20 deals to buyers of Chinese background. Really there has been a flight to quality projects and investments, the money definitely is still there for the best projects like this one.”
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Savills marketing mixed-used Fitzroy North development site

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Bookseller Mark Rubbo, the founding chair of the Melbourne Writers Festival, and wife Wendy have sold their Fitzroy warehouse conversion.
They had $2.8 million to $3 million hopes for the property they bought as an empty shell in 2004.
They commissioned architect Maggie Edmond to adapt <a href="https://www.realestate.com.au/sold/property-house-vic-fitzroy-129684854" target="_blank">the property</a>.
It has three bedrooms, three bathrooms and a kitchen adjoining the open plan living space which flows to a north facing terrace.
The Little Victoria Street warehouse began life as a drill hall in the 1930s. 
Nelson Alexander Fitzroy agents Peter Stephens and Sonya Laferla handled the marketing.
This article first appeared in The Weekend Australian. 
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Former drill hall warehouse conversion sold in North Fitzroy

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The professional surfer Wade Goodall and wife Jane were among the many vendors who pulled their property from weekend auction, as the auction sales wipeout continues.
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The couple are seeking buyers for their Byron Bay hinterland home having recently secured a larger block just nearby to build a new house.
McGrath Ballina agent Braden Walters had a pre-auction guide of between $1,075,000 to $1.15 million for the modern<a id="x_mcntLPlnk717244" href="https://www.realestate.com.au/property-house-nsw-bangalow-128745214" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable"> Bangalow cottage.</a>
Wade, who is an ambassador with surf fashion label Vans, spent $300,000 in 2014 on the Palm-Lily Crescent building block.
Set some 13 kilometres inland from the coast, their classic Queenslander style home has three bedrooms, two bathrooms and a study nook.
Sydney accounts for the biggest number of withdrawn auction property.
Domain put weekend withdrawals totalling 95 properties on the weekend with 58 in Sydney.
Over the past month, CoreLogic calculate around 20 percent of auction stock has been withdrawn from auction across Sydney, as wave of buyer enthusiasm wanes.
There were 1,316 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 56.2 per cent, according to CoreLogic. 
Auction volumes were down from last week when 1,536 auctions were held, however the preliminary clearance rate edged higher than last week’s final clearance rate which was 55.6 percent. 
Over the same week last year, auction volumes were higher with 1,857 homes returning a clearance rate of 68.2 per cent.
Melbourne's dearest house sale was $3.88 million at Fitzroy North through Jellis Craig. The 1891 home on 584 sqm is known as Moss Vale which last sol in 1977 at $100,000. The <a id="x_mcntLPlnk485410" href="https://www.realestate.com.au/property-house-vic-fitzroy+north-128812842" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">225 McKean Street offering</a> had come with a $3.4 million to $3.7 million price guide, based on the recent $3.8 million sale at 25 McKean Street, an unrenovated home on 600 sqm.
Two families pushed up the bidding to $3.8 million, when the property was declared on the market.
There was a third bidder at the auction, which was over in three minutes
Melbourne's dearest sale was a development site at 71-73 Beddoe Avenue, Clayton which was listed with $3.4 million to $3.74 million hopes. With two original three bedroom houses on an expansive 1483 sqm lot, it fetched $4,258,000.
In Melbourne, a preliminary auction clearance rate of 57.9 per cent was recorded across 628 auctions, down slightly from 58.5 per cent across 802 auctions on the last weekend in July. 
One year ago, the Melbourne clearance rate was a stronger 73.9 per cent across 911 auctions.
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Melbourne had the cheapest sale across the country when a $280,000 pre-auction offer was accepted in Ormond for a one bedroom apartment. Last sold at $112,000 in 1999, <a id="x_mcntLPlnk207438" href="https://www.realestateview.com.au/real-estate/11-50-lillimur-road-ormond-vic/property-details-sold-residential-11981124/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">11/50 Lillimur Road</a> had recently been a $280 a week rental.
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It had been listed with $250,000 to $270,000 price guidance through Woodards.
There were 456 auctions held in Sydney, the fourth consecutive week where Sydney has been host to less than 500 auctions, returning a preliminary auction clearance rate of 56.1 per cent.
One year ago, 620 auctions had a clearance rate of 66.4 per cent.
Sydney's highest sale was <a id="x_mcntLPlnk169078" href="https://www.realestate.com.au/property-house-nsw-bronte-128797482" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">5 Alfred Street, Bronte</a> at $4,116,000. The deceased estate executors were flexible on their $4.2 million price expectation.
Adelaide had the weekend's best performing clearance rate with a 73.2 per cent success rate across 56 auctions.
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Weekend auction withdrawals signal low buying interest

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In Fitzroy North, it was buyers from North Queensland who paid $1.3 million post-auction on an award winning two-bedroom home, Casa de Gatos, which translates to house of cats in Spanish. 
The single storey <a href="https://www.realestate.com.au/sold/property-house-vic-fitzroy+north-128374126" target="_blank">49 Rae Street property</a> had come with $1.2 million to $1.3 million price guidance after its design by WOWOWA Architects.
The home won the <a id="LPlnk696956" class="x_OWAAutoLink" href="http://www.wowowa.com.au/portfolio/casa-de-gatos/" target="_blank" rel="noopener noreferrer">Victorian Australian Institute of Architects 2017 Small Projects Award</a>, expressly designed with the owners two dogs and two cats in mind.
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Husband and wife team Monique and Scott Woodward are the founding directors of WOWOWA – a studio “governed by the metric of happiness”.
Its most striking feature is a curved, carpeted, orange cat wall topped by an aerial cat walkway.
Nelson Alexander agent Rick Daniel told The Age it wasn’t the biggest selling point for the new owners.
 
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Award-winning 'house of cats' home in Melbourne sells

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Developer Goldfields has unveiled Patch, a contemporary 83-apartment community with an expansive, tree-lined communal area, light, bright and high-contrasting interiors and a striking architectural façade.
Located at 243 Queens Parade in Fitzroy North, Patch is within walking distance of Merri Creek, Clifton Hill and Rushall Train Stations.
<img src="/images/2016/10/05/image003-1.jpg" width="300">
The 12-storey development has 83 one, two and three-bedroom apartments, a communal terrace on level eight and ground floor retail space.
Goldfields’ Managing Director, Marco Gattino, said the company acquired the site with a building permit in place, but chose to partner with architect Fieldwork to refine the offering.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_HighContrast_Kitchen.jpg" alt="">
 
A communal terrace on level eight is a standout feature of Patch, including a 300 square metre tree-dotted deck, indoor and outdoor dining facilities and a communal kitchen and cooking area that has views of the CBD.
Daniel Cashen at Knight Frank said there had already been a strong response from the market.
<img src="/images/2016/10/05/1614_Goldfields_QueensPde_External_Retail.jpg" alt="">
Most residences will include a car parking space, an additional cage and access to bike storage. 
Patch offers one-bedroom apartments priced from $390,000 up to luxury 240sqm, 3 bedroom penthouses inclusive of 120sqm balcony, for $1,400,000.
Construction is scheduled to commence towards the end of 2016 and expected for completion by the middle of 2018.
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Contemporary 83 apartment Patch complex launched in Fitzroy North

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The Melbourne hip suburban fringe property developer Tim Gurner has submitted plans for his $350 million development in North Fitzroy.
It will feature terraced apartments with their own terrace gardens.
His architect, Koichi Takada proposes a cascading 16-storey development of about 550 apartments, covered in greenery inspired by the rice paddies of south-east Asia.  
Apartment prices will start at $450,000 for a 47-square-metre, one-bedroom apartment rising to $4 million for a 135-square-metre four-bedder.
Tim Gurner's proposed development will retain the existing industrial heritage facade, with a piazza offering community space and shops and restaurants.
The $40 million site was bought in February on <a href="https://www.propertyobserver.com.au/https://vhd.heritage.vic.gov.au/places/result_detail/104097?print=true" target="_blank">Queens Parade</a>. The site was the K.G. Luke Pty Ltd electro plate manufacturing factory created in 1938 for Kenneth G. Luke. 
In 1921 Kenneth Luke became a partner in a small metal-spinning and silverware business at Carlton.
By 1925 he was its proprietor and an employer of seven. These employees were still with him thirty years later, with 650 others, making an ever-increasing range of products: silverware, stainless steel surgical equipment, plated goods and glass-washing machines.
Luke went on to achieve many major public roles.
In 1938-55 he was president of the Carlton Football Club. A delegate (from 1935) to the Victorian Football League, he was its vice president (1946-55) and president (1956-71). 
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Tim Gurner proposes paddy fields-inspired North Fitzroy project

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Weekend sales included a warehouse offering sold to a buyer who flew in from Singapore to snap up an undeveloped Fitzroy North warehouse at auction.
The <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-122821702" target="_blank">6A/1 Bik Lane</a> offering sold for $1.216 million, just over its $1.1 million reserve set by the artist Polly Courtin who'd been there a decade.
There were three registered bidders.
The 120sq m building space boasted ceilings high enough to fit three storeys inside, the Nelson Alexander marketing suggested.
 
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Artist Polly Courtin sells Fitzroy North warehouse

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The landmark Salvation Army Barracks remains listed as trophy multi-zoned residence in North Fitzroy. 
The <a href="https://www.realestate.com.au/property-house-vic-fitzroy+north-119778747" target="_blank">720 Brunswick Street property</a> was dedicated by Army founder General William Booth in 1884 and is an integral part of North Fitzroy's history.
Today the barracks is on offer as a multi-zoned residence with scope for further redevelopment of its vast rear structure to further living space or townhouses. 
!n 1996, Curtis Marsh the Melbourne sommelier of the Wandering Palate bought the former Salvation Army barracks and transformed it into a coherent and useful family house on 550sqm.
Interior spaces include an luxurious living room and formal dining room, flowing to glass-walled courtyards topped by an 8.5m Baltic-lined beam-and-truss ceiling; not surprisingly a full dual commercial kitchen with restaurant class appliances and cool room; a mezzanine sitting room adjoining three double bedrooms, study zone and two bathrooms; powder room and climate-controlled wine room (20,000 bottle capacity). 
With extensive glazing to private outdoor living areas and views, this city-fringe residence features hydronic heating, air conditioning, Portuguese sandstone floors, full security and premium fittings.
Arch Staver and Rick Daniel of Nelson Alexander have the residence listed at $3,500,000, although initial listing in in August 2014 was $4,100,000.
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