Market snapshot

Suburb insights for North Melbourne3051

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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.

Recent sales and auction results in North Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
13/43 Haines St, North melbourne2PriceApartmentPassed in at Auction28/03/2025W B Simpson & SonView
12/55 Haines St, North melbourne2PriceUnitSold Before Auction18/03/2025Jellis Craig - 0View
215/150 Peel St, North melbournePriceUnitPrivate Sale13/03/2025Whitefox Real Estate
47 Baillie St, North melbourne3PriceHouse (Res)Sold Before Auction27/03/2025Lucas Mills Real EstateView

Sales data

Median sale price
$1.2mil
Quarterly price change
1.2%
Metro Melbourne Comparison
$923k
2.7%
BedroomsNorth MelbourneMetro comparison
2$970,000$881,200
3$1,405,000$810,000
4-$942,350
InsightNorth MelbourneMetro comparison
Clearance rate81.3%78.5%
Days on market3942

Rental data

Median weekly rent
$775
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
BedroomsNorth MelbourneMetro comparison
2$660$580
3$850$550
4$1,000$600
Median data for the current quarter
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