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 |
|---|---|---|---|---|---|---|---|
| 8/352 Victoria St, North Melbourne | 1 |  | Apartment | Private Sale | 30/07/2026 | Dingle Partners | View |
| 16 Melrose St, North Melbourne | 3 |  | House | Passed in at Auction | 4/08/2026 | Jellis Craig | View |
Sales data
Median sale price
$1.1mil
Quarterly price change
-17.3%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,016,000 | $950,000 |
| 3 | $1,412,500 | $872,000 |
| 4 | $1,886,250 | $990,000 |
| Insight | North Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 75% | 68.8% |
| Days on market | 38 | 42 |
Rental data
Median weekly rent
$775
Rental yield
3%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $685 | $600 |
| 3 | $880 | $560 |
| 4 | $1,090 | $600 |
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