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.

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Recent Sales & Auction Results in North Melbourne

Address Price Type Method Sale Date Agent
Property List
4/175 Chetwynd St, North melbourne 2 Unit Auction Sale 17/02/2024 Belle Property Carlton & Melbourne
41 Courtney St, North melbourne 4 Townhouse (Res) Passed in at Auction 17/02/2024 Lucas Real Estate

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$1.07m

Metro Melbourne

$909k

Quarterly Price Change

-33.5%

Metro Melbourne

-2.2%

Median Rent

$720

Metro Melbourne

$550

Rental Yield

2.6%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 80% 72.5%
Days on Market 45 40
Median price by Bedrooms Suburb Metro
2 Bedrooms $950,000 $920,000
3 Bedrooms $1,460,000 $815,000
4 Bedrooms $1,810,000 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $620 $540
3 Bedrooms $800 $500
4 Bedrooms $1,050 $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$610k

Metro Melbourne

$633k

Quarterly Price Change

7.5%

Metro Melbourne

-0.1%

Median Rent

$505

Metro Melbourne

$500

Rental Yield

4.6%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 80% 72.5%
Days on Market 45 40
Median price by Bedrooms Suburb Metro
1 Bedroom $355,000 $370,000
2 Bedrooms $630,000 $600,000
3 Bedrooms $1,043,750 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $420 $420
2 Bedrooms $600 $520
3 Bedrooms $763 $600

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