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.

Recent Sales & Auction Results in North Melbourne

Address Price Type Method Sale Date Agent
Property List
41&43 Courtney St, North melbourne - Land (Res) Auction Sale 13/04/2019 W B Simpson & Son

Median data for December 2018 Quarter. Click here for details.

Median Sale Price

$1.31mil

Metro Melbourne

$797k

Quarterly Price Change

26.6%

Metro Melbourne

-3.7%

Median Rent

$630

Metro Melbourne

$450

Rental Yield

2.7%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 53.8% 45.1%
Days on Market 46 42
Median price by Bedrooms Suburb Metro
2 Bedrooms $983,500 $870,000
3 Bedrooms $1,205,000 $733,000
4 Bedrooms n/a $878,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $550 $490
3 Bedrooms $660 $420
4 Bedrooms $950 $480

Median data for December 2018 Quarter. Click here for details.

Median Sale Price

$624k

Metro Melbourne

$589k

Quarterly Price Change

0.6%

Metro Melbourne

-1.7%

Median Rent

$450

Metro Melbourne

$420

Rental Yield

4%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 53.8% 45.1%
Days on Market 46 42
Median price by Bedrooms Suburb Metro
1 Bedroom $415,000 $370,000
2 Bedrooms $620,000 $571,000
3 Bedrooms $980,500 $765,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $400 $370
2 Bedrooms $500 $440
3 Bedrooms $750 $521

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