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
110/33-35 Arden St, North melbourne1PriceUnitPrivate Sale3/06/2024Barry PlantView
102/230 Dryburgh St, North melbourne1PriceUnitPrivate Sale1/07/2024WoodardsView
415/187 Boundary Rd, North melbourne2PriceUnitPrivate Sale12/06/2024Belle Property Carlton & MelbourneView

Sales data

Median sale price
$1.4mil
Quarterly price change
19.7%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsNorth MelbourneMetro comparison
2$950,000$902,500
3$1,480,000$810,000
4-$955,000
InsightNorth MelbourneMetro comparison
Clearance rate73.5%73.8%
Days on market42.542

Rental data

Median weekly rent
$700
Rental yield
2.8%
Metro Melbourne Comparison
$560
3.2%
BedroomsNorth MelbourneMetro comparison
2$650$550
3$800$540
4$1,100$580
Median data for the current quarter
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