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
$1.27 m
Based on 70 recorded House sales within the last 12 month

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

Suburb Growth
+6.1%
Current Median Price: $1270000
Previous Median Price: $1197500

Based on 140 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

202/380 QUEENSBERRY STREET

$495 per week

3553m2

  • 1
  • 1
  • 1

H291 FLEMINGTON ROAD

$590.00

174m2

  • 3
  • 1
  • 2

A12/335 ABBOTSFORD STREET

$320 pw

15368m2

  • 1
  • 1
  • 1

16/520 VICTORIA STREET

$550

1022m2

  • 2
  • 2
  • 1

51 LITTLE CURRAN STREET

$780 pw

112m2

  • 3
  • 2
  • 1

98 MELROSE STREET

$450.00

97m2

  • 2
  • 1
  • 1

509/33 RACECOURSE ROAD

$400 per week

2865m2

  • 1
  • 1
  • 1

500 ABBOTSFORD STREET

$995 per week

203m2

  • 4
  • 1
  • 1

23 WILSON MEWS

$580.00

76m2

  • 2
  • 2
  • 1

115/104 HAINES STREET

$435pw

0m2

  • 1
  • 1
  • 1

Median Weekly Rents

House

Suburb Sale Price Growth
6.1%
Current Median Price: $1,270,000 Previous Median Price: $1,197,500

Based on 140 recorded House sales compared over the last two rolling month periods

Suburb Rental Yield
2.5%
Current Median Price: $1,270,000 Current Median Rent: $620

Based on 151 recorded House sales compared over the last two rolling 12 month periods

Unit

Suburb Sale Price Growth
-1.0%
Current Median Price: $510,000 Previous Median Price: $515,000

Based on 470 recorded House sales compared over the last two rolling 12 month periods

Suburb Rental Yield
4.6%
Current Median Price: $510,000 Current Median Rent: $450

Based on 726 recorded House sales compared over the last two rolling 12 month periods

Recently Sold Properties

250 ABBOTSFORD STREET

*$990,000

238m2

  • 3
  • 2
  • 1

6/38 CHAPMAN STREET

*$701,000

2810m2

  • 2
  • 1
  • 1

654 QUEENSBERRY STREET

*$895,000

168m2

  • 2
  • 1
  • 1

26 MELROSE STREET

*$1,075,000

166m2

  • 3
  • 1

311/55 VILLIERS STREET

*$168,000

1038m2

  • 1
  • 1

311/6 HIGH STREET

$117,000

622m2

  • 1
  • 1

505/30 WRECKYN STREET

*$440,000

842m2

  • 1
  • 1
  • 1

9/101 LEVESON STREET

*$786,000

0m2

  • 2
  • 2
  • 1

88 ERSKINE STREET

*$915,000

0m2

  • 2
  • 1
  • 0

51 LITTLE CURRAN STREET

*$1,056,000

112m2

  • 3
  • 2
  • 1