Fitzroy vs Williamstown
Property investment comparison - Fitzroy, VIC 3065 vs Williamstown, VIC 3016
Head-to-head across core investment metrics: Fitzroy wins 2, Williamstown wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Fitzroy | Williamstown |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | $810K | $640K |
| Gross rental yield (houses) | 3.60% | - |
| Gross rental yield (units) | - | 4.30% |
| 1-year house growth | -10.2%estimate | +3.3% |
| 3-year house growth | - | -1.6% |
| Vacancy rate | 0.8% | 1.4% |
| Population | 10,431 | 14,407 |
Fitzroy vs Williamstown: what the numbers say
The median house price is $1.6M in Fitzroy and $1.6M in Williamstown, so Fitzroy is the cheaper entry point, with Williamstown houses about 1% dearer.
For units, Fitzroy sits at a median of $810K against $640K in Williamstown, which makes Williamstown the more affordable unit market and Fitzroy the pricier one.
Over the past year house prices moved -10.2% in Fitzroy (an estimate) and +3.3% in Williamstown, so recent momentum favours Williamstown, while Fitzroy went backwards.
Rental vacancy is 0.8% in Fitzroy and 1.4% in Williamstown, so landlords in Fitzroy face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Williamstown is the bigger suburb, with a population of 14,407 against 10,431, larger than Fitzroy; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Fitzroy for a lower purchase price, Williamstown for recent price momentum, Fitzroy for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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