Market snapshot
Suburb insights for North Melbourne3051
Change suburbNorth Melbourne, approximately 3 km northwest of Melbourne's CBD, is a culturally rich suburb, renowned for its Victorian terraces, bustling cafes on Errol and Latrobe Streets, and a growing arts and community scene. It balances inner-urban density with green spaces, schools, public transport and proximity to hospitals and universities. The suburb appeals to students, young families, professionals, and creatives who seek diversity, amenity, and city-edge living.
Recent sales and auction results in North Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 11/14 Lancashire La, North Melbourne | 2 |  | Apartment | Private Sale | 25/11/2025 | Belle Property Carlton & Melbourne | View |
| 102/704 Victoria St, North Melbourne | 1 | | Apartment | Private Sale | 17/11/2025 | Belle Property Carlton & Melbourne |
Sales data
Median sale price
$1.4mil
Quarterly price change
-2.9%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $972,000 | $910,000 |
| 3 | $1,400,000 | $830,000 |
| 4 | $1,972,500 | $951,500 |
| Insight | North Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 76.9% | 81.4% |
| Days on market | 39.5 | 36 |
Rental data
Median weekly rent
$723
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $650 | $580 |
| 3 | $795 | $550 |
| 4 | $980 | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.