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
$1.12 m
Based on 77 recorded House sales within the last 12 month

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

Suburb Growth
-6.7%
Current Median Price: $1120000
Previous Median Price: $1200000

Based on 142 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

113/86 MACAULAY ROAD

$460 per week

0m2

  • 2
  • 1
  • 1

312/86 MACAULAY ROAD

$450 per week

3119m2

  • 2
  • 1
  • 1

77 MELROSE STREET

$410.00

42m2

  • 1
  • 1
  • 1

3/70 O'SHANASSY STREET

$405.00

2304m2

  • 2
  • 1
  • 1

G2/92 CURZON STREET

$345

404m2

  • 1
  • 1

66A COURTNEY STREET

$950.00

86m2

  • 4
  • 3
  • 1

412 DRYBURGH STREET

$580.00

143m2

  • 2
  • 1
  • 1

21/1 O'CONNELL STREET

$330 per week

370m2

  • 1
  • 1
  • 1

2 COBDEN STREET

$317 per week

1128m2

  • 1
  • 1
  • 0

11/37 HAINES STREET

$430.00

1591m2

  • 2
  • 1
  • 1

Median Weekly Rents

House

Suburb Sale Price Growth
-6.7%
Current Median Price: $1,120,000 Previous Median Price: $1,200,000

Based on 142 recorded House sales compared over the last two rolling month periods

Suburb Rental Yield
2.6%
Current Median Price: $1,120,000 Current Median Rent: $550

Based on 199 recorded House sales compared over the last two rolling 12 month periods

Unit

Suburb Sale Price Growth
-3.9%
Current Median Price: $495,000 Previous Median Price: $515,000

Based on 459 recorded House sales compared over the last two rolling 12 month periods

Suburb Rental Yield
4.2%
Current Median Price: $495,000 Current Median Rent: $400

Based on 847 recorded House sales compared over the last two rolling 12 month periods

Recently Sold Properties

11/369 ABBOTSFORD STREET

*$545,000

1863m2

  • 2
  • 1
  • 1

1/23 CHAPMAN STREET

*$626,000

1525m2

  • 2
  • 1

13 WRECKYN STREET

*$1,680,000

125m2

  • 1
  • 1

21/700 QUEENSBERRY STREET

*$711,000

1072m2

  • 3
  • 1
  • 2

91 FLEMINGTON ROAD

*$570,000

771m2

  • 2
  • 2
  • 1

13/22 HOWARD STREET

*$624,000

925m2

  • 2
  • 1
  • 1

3 HIGH STREET

*$146,000

657m2

  • 1
  • 1
  • 0

5 PURCELL STREET

*$1,490,000

106m2

  • 2
  • 2
  • 2

28 MARK STREET

*$826,500

72m2

  • 3
  • 2
  • 1

107/1 SHIEL STREET

*$585,000

772m2

  • 2
  • 2
  • 1