Profile for North Melbourne

3051

North Melbourne is located 2 km north-west of the CBD. Located between Flemington Rd Victoria St and City Link (Western Link) is the small mixed-use suburb of North Melbourne. The north-eastern part of the suburb is predominantly residential while the western part of the suburb is more industrial. North Melbourne also features the North Melbourne Cricket Ground the Victorian Archive Centre and the RMIT School of Design and Printing. The suburb has almost 20% of its population comprised of tertiary students.

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$1.28mil

Metro Melbourne

$793k

Quarterly Price Change

-2.3%

Metro Melbourne

-1.4%

Median Rent

$650

Metro Melbourne

$450

Rental Yield

2.8%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 63.2% 55.6%
Days on Market 49 41
Median price by Bedrooms Suburb Metro
2 Bedrooms $983,500 $865,000
3 Bedrooms $1,227,500 $730,000
4 Bedrooms n/a $870,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $555 $495
3 Bedrooms $730 $425
4 Bedrooms $973 $480

Median data for March 2019 Quarter. Click here for details.

Median Sale Price

$500k

Metro Melbourne

$587k

Quarterly Price Change

-19.6%

Metro Melbourne

-0.5%

Median Rent

$450

Metro Melbourne

$425

Rental Yield

4.1%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 63.2% 55.6%
Days on Market 49 41
Median price by Bedrooms Suburb Metro
1 Bedroom $380,000 $370,000
2 Bedrooms $607,000 $570,000
3 Bedrooms $1,033,500 $760,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $401 $370
2 Bedrooms $510 $440
3 Bedrooms $750 $525

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