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 |
|---|---|---|---|---|---|---|---|
| 308/25 Oxford St, North Melbourne | 2 |  | Apartment | Private Sale | 5/02/2026 | Barry Plant | View |
| 7 Smyth Mews, North Melbourne | 2 |  | Townhouse | Auction Sale | 17/02/2026 | Jellis Craig | View |
| 812/188 Macaulay Rd, North Melbourne | 3 | | Apartment | Private Sale | 9/02/2026 | Jellis Craig | View |
| M107/188 Macaulay Rd, North Melbourne | 2 | | Apartment | Private Sale | 2/02/2026 | Nelson Alexander | View |
Sales data
Median sale price
$1.5mil
Quarterly price change
10.3%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,001,500 | $940,000 |
| 3 | $1,392,500 | $851,000 |
| 4 | $1,895,000 | $970,000 |
| Insight | North Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 62.5% | 77.8% |
| Days on market | 38.5 | 36 |
Rental data
Median weekly rent
$710
Rental yield
2.8%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $650 | $585 |
| 3 | $780 | $550 |
| 4 | $980 | $600 |
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