Market snapshot

Suburb insights for North Melbourne3051

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North 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
12/49 Brougham St, North Melbourne1PriceApartmentPrivate Sale25/06/2026Buxton (Port Phillip) Pty Ltd
489 Abbotsford St, North Melbourne2PriceHousePrivate Sale17/06/2026Nelson AlexanderView
304/130 Errol St, North Melbourne1PriceApartmentAuction Sale17/07/2026Barry PlantView
1/24 Byron St, North Melbourne1PriceApartmentPrivate Sale5/07/2026HodgesView
6/18 Tyrone St, North Melbourne2PriceApartmentPrivate Sale29/06/2026Belle Property Carlton & Melbourne
401/97 Flemington Rd, North Melbourne2PriceApartmentPrivate Sale27/06/2026Belle Property Carlton & Melbourne

Sales data

Median sale price
$1.1mil
Quarterly price change
-17.3%
Metro Melbourne Comparison
$953k
-3.1%
BedroomsNorth MelbourneMetro comparison
2$1,016,000$950,000
3$1,412,500$872,000
4$1,886,250$990,000
InsightNorth MelbourneMetro comparison
Clearance rate75%68.8%
Days on market3842

Rental data

Median weekly rent
$775
Rental yield
3%
Metro Melbourne Comparison
$580
3.1%
BedroomsNorth MelbourneMetro comparison
2$685$600
3$880$560
4$1,090$600
Median data for the current quarter
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