Profile for North Melbourne

3051

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.

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Median data for March Quarter 2021. Click here for details.

Median Sale Price

$1.33mil

Metro Melbourne

$1mil

Quarterly Price Change

15.4%

Metro Melbourne

8.8%

Median Rent

$580

Metro Melbourne

$480

Rental Yield

2.6%

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 83.8%
Days on Market 51 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $1,052,500 $930,000
3 Bedrooms $1,260,000 $810,000
4 Bedrooms n/a $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $500 $500
3 Bedrooms $660 $450
4 Bedrooms n/a $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$553k

Metro Melbourne

$673k

Quarterly Price Change

-2.2%

Metro Melbourne

4.8%

Median Rent

$395

Metro Melbourne

$400

Rental Yield

3.6%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 71.4% 83.8%
Days on Market 51 36
Median price by Bedrooms Suburb Metro
1 Bedroom $390,000 $390,000
2 Bedrooms $582,500 $600,000
3 Bedrooms $1,045,000 $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $350 $340
2 Bedrooms $425 $420
3 Bedrooms $725 $525

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