Market snapshot
Suburb insights for North Melbourne3051
Change suburbLocated 2 km north-west of Melbourne's CBD North Melbourne is one of the city's most dynamic and complex areas. Its residences are a mix of established and new housing with commercial industrial retail and community facilities scattered throughout. Shopping strips such as Errol and Victoria streets are popular for their range of cafes restaurants and boutiques. The old North Melbourne Town Hall is the home of Arts House Melbourne’s contemporary centre for performance and interactive artforms. The area also includes the historic Meat Market a hub for creative arts and cultural productions and the North Melbourne Recreation Centre that has aquatic facilities a gym and stadium complex.
Sales data
Median sale price
$1.6mil
Quarterly price change
19%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,030,000 | $902,000 |
| 3 | $1,480,000 | $807,500 |
| 4 | - | $950,000 |
| Insight | North Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 65% | 73.3% |
| Days on market | 39 | 42 |
Rental data
Median weekly rent
$710
Rental yield
2.8%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $650 | $560 |
| 3 | $830 | $550 |
| 4 | $1,100 | $595 |
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