Profile for North Melbourne

3051

Located 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.

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$1.1mil

Metro Melbourne

$864k

Quarterly Price Change

-23.1%

Metro Melbourne

-3.5%

Median Rent

$650

Metro Melbourne

$470

Rental Yield

2.6%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,000,000 $910,250
3 Bedrooms $1,490,000 $760,000
4 Bedrooms $1,497,000 $910,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $550 $500
3 Bedrooms $740 $440
4 Bedrooms n/a $495

Median data for June 2020 Quarter. Click here for details.

Median Sale Price

$720k

Metro Melbourne

$621k

Quarterly Price Change

20.9%

Metro Melbourne

-2.5%

Median Rent

$450

Metro Melbourne

$430

Rental Yield

4%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 66.1%
Days on Market 44 39
Median price by Bedrooms Suburb Metro
1 Bedroom $368,000 $385,000
2 Bedrooms $630,000 $591,000
3 Bedrooms $955,250 $785,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $400 $370
2 Bedrooms $500 $450
3 Bedrooms $723 $525

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