North Melbourne

North Melbourne with a population of 12,000, is one of the most central suburbs of Melbourne, only 2 km away from the CBD. Formerly a working class hub, North Melbourne has developed into a suburb known for its Victorian architecture and cosmopolitan demographic.

The population in North Melbourne is primarily independent people from all age groups, attracted by the region’s cultural life and great location only minutes away from the CBD. Despite it’s basically in central Melbourne, the suburb has managed to keep its neighbourhood spirit with lots of cafés, meeting points, and restaurants. North Melbourne has become famous for its great Victorian terrace houses, but recently the attraction of the area has also.

Median Sale Price
$1.31 m
Based on 52 recorded House sales within the last 12 month

Based on a rolling 12 month period and may differ from calendar year statistics

Suburb Growth
+9.4%
Current Median Price: $1312500
Previous Median Price: $1200000

Based on 121 recorded House sales compared over the last two rolling 12 month periods

Sales Statistics (Houses)

Demographics

438 Single Parent Families 16%
139 Other Familes 5%
1343 Couples Without Children 50%
778 Couples With Children 29%

Work

Residents living in North Melbourne have the advantage of being able to walk, bike, commute, or drive to the CBD in minutes. With great work possibilities, all over Melbourne in general, and in the CBD in particular, there is no shortage of opportunities for the residents living here.

Household Income - Weekly

Employment

Method of Travel to Work (2016)

  • Train
    279(4)%
  • Bus
    84(1)%
  • ferry
    0(0)%
  • Tram( other light rail) ()%
  • Car
    ()%
  • Moterbike/Truck
    ()%
  • Bicycle
    401(6)%
  • Walked Only
    ()%
  • Other 49(1)%

Properties For Rent

407/187 BOUNDARY ROAD

$315 per week

0m2

  • 1
  • 1
  • 1

15/18 TYRONE STREET

$530.00

573m2

  • 2
  • 1
  • 1

717/23 BLACKWOOD STREET

$430

4049m2

  • 1
  • 1

2/25 BENDIGO STREET

$630.00

0m2

  • 2
  • 1
  • 2

210 CAPEL STREET

$295

120m2

  • 4
  • 2
  • 1

18/43 HAINES STREET

$380 pw

1602m2

  • 2
  • 1

14 PURCELL STREET

$1,050 per week

72m2

  • 3
  • 2
  • 1

9 CULLENS LANE

$760.00

62m2

  • 3
  • 2
  • 1

1006/108 HAINES STREET

$470.00

0m2

  • 1
  • 1
  • 1

8 WARWICK STREET

$800

95m2

  • 2
  • 1
  • 2

Median Weekly Rents

House

Suburb Sale Price Growth
9.4%
Current Median Price: $1,312,500 Previous Median Price: $1,200,000

Based on 121 recorded House sales compared over the last two rolling month periods

Suburb Rental Yield
2.5%
Current Median Price: $1,312,500 Current Median Rent: $620

Based on 152 recorded House sales compared over the last two rolling 12 month periods

Unit

Suburb Sale Price Growth
4.6%
Current Median Price: $518,000 Previous Median Price: $495,000

Based on 425 recorded House sales compared over the last two rolling 12 month periods

Suburb Rental Yield
4.5%
Current Median Price: $518,000 Current Median Rent: $450

Based on 723 recorded House sales compared over the last two rolling 12 month periods

Recently Sold Properties

12/101 LEVESON STREET

*$785,000

0m2

  • 2
  • 2
  • 1

29 STAWELL STREET

*$915,000

67m2

  • 2
  • 1
  • 1

152 CAPEL STREET

*$1,080,000

84m2

  • 3
  • 1

25 SMYTH MEWS

*$950,000

93m2

  • 3
  • 3
  • 2

4/97 FLEMINGTON ROAD

*$428,000

789m2

  • 1
  • 1
  • 1

14 MARK STREET

*$860,000

66m2

  • 2
  • 2
  • 2

204/704 VICTORIA STREET

*$422,000

509m2

  • 1
  • 1
  • 0

30 PROVOST STREET

*$2,828,000

309m2

  • 1
  • 1
  • 1

110/64 MACAULAY ROAD

*$530,000

3118m2

  • 2
  • 1
  • 1

484 ABBOTSFORD STREET

*$1,695,000

124m2

  • 3
  • 2
  • 1