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
$1.41 m
Based on 42 recorded House sales within the last 12 month

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

Suburb Growth
+22.3%
Current Median Price: $1412500
Previous Median Price: $1154500

Based on 114 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

403/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

204/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

203/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

309/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

409/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

401/108 MUNSTER TERRACE

$420 per week

0m2

  • 1
  • 1
  • 1

115/104 HAINES STREET

$450 per week

463m2

  • 1
  • 1
  • 1

2/1A CANNING STREET

$560 per week

461m2

  • 2
  • 1
  • 1

1/51 BROUGHAM STREET

$410 per week

1012m2

  • 2
  • 1
  • 1

8 LEVESON STREET

$900.00 per week

126m2

  • 2
  • 2
  • 1

Median Weekly Rents

House

Suburb Sale Price Growth
22.3%
Current Median Price: $1,412,500 Previous Median Price: $1,154,500

Based on 114 recorded House sales compared over the last two rolling month periods

Suburb Rental Yield
2.2%
Current Median Price: $1,412,500 Current Median Rent: $600

Based on 158 recorded House sales compared over the last two rolling 12 month periods

Unit

Suburb Sale Price Growth
2.5%
Current Median Price: $492,000 Previous Median Price: $480,000

Based on 363 recorded House sales compared over the last two rolling 12 month periods

Suburb Rental Yield
4.8%
Current Median Price: $492,000 Current Median Rent: $450

Based on 689 recorded House sales compared over the last two rolling 12 month periods

Recently Sold Properties

168 MACAULAY ROAD

*$418,000

0m2

  • 1
  • 1
  • 0

40 LITTLE CURRAN STREET

*$1,011,000

129m2

  • 3
  • 2
  • 1

28/171 FLEMINGTON ROAD

*$485,000

4487m2

  • 2
  • 1
  • 1

12/1 VILLIERS STREET

*$622,500

1781m2

  • 2
  • 1
  • 1

73 HAINES STREET

*$334,000

0m2

  • 1
  • 1
  • 1

22 ALFRED STREET

*$930,000

141m2

  • 2
  • 1

33 ARDEN STREET

*$1,140,000

895m2

  • 3
  • 2
  • 2

32 LEVESON STREET

*$2,911,000

167m2

  • 4
  • 3
  • 2

4/77 CHAPMAN STREET

*$491,000

1037m2

  • 2
  • 1
  • 1

19/61 HAINES STREET

*$520,000

2323m2

  • 2
  • 1
  • 1