North Melbourne, VIC 3051
Compare Part of Melbourne
1.77 km
Distance from Melbourne CBD
10 k
Population
Auction Times
Sat 3 Dec | Auction Time | Agency | |
|---|---|---|---|
 | E2-1/140 Arden Street 2 1 1 Apartment | 11:00 AM Sat 3rd Dec | WB Simpson & Son |
 | 404/188 Macaulay Road 2 2 1 Apartment | 12:30 PM Sat 3rd Dec | Jellis Craig |
 | 305/108 Haines Street 2 2 1 Apartment | 2:00 PM Sat 3rd Dec | Jellis Craig |
Sat 10 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 8 Little Dryburgh Street South 2 2 1 Townhouse | 11:30 AM Sat 10th Dec | Caine Real Estate |
Median Sale Price
House
-
Updated on Sep 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2022
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $650,000 | 0.0% | $405,000 | $6,395,500 | 48 |
| 2010 | $805,000 | +19.3% | $410,000 | $4,650,000 | 71 |
| 2011 | $770,000 | -4.5% | $270,000 | $1,980,207 | 75 |
| 2012 | $785,000 | +1.9% | $301,000 | $2,700,000 | 74 |
| 2013 | $786,000 | +0.1% | $57,500 | $4,680,000 | 106 |
| 2014 | $890,000 | +11.7% | $420,000 | $2,200,000 | 68 |
| 2015 | $1,100,000 | +19.1% | $500,000 | $3,125,000 | 73 |
| 2016 | $1,200,000 | +8.3% | $382,000 | $3,500,000 | 55 |
| 2017 | $1,470,000 | +18.4% | $165,000 | $6,500,000 | 42 |
| 2018 | $1,250,000 | -17.6% | $407,500 | $4,600,000 | 50 |
| 2019 | $1,295,000 | +3.5% | $740,000 | $2,750,000 | 53 |
| 2020 | $1,150,000 | -12.6% | $707,000 | $2,650,000 | 38 |
| 2021 | $1,313,000 | +12.4% | $670,000 | $4,500,000 | 94 |
| 2022 | $1,381,000 | +4.9% | $510,000 | $3,475,000 | 69 |
Median Sale Price
$1.4M
Based on 85 recorded sales within the last 12 months
Updated on 29 Nov 2022
Suburb Growth
+6.1%
Current Median Price: $1,395,000
Previous Median Price: $1,310,000
Based on 172 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2022)
Price Range Segments (12 months ending Oct 2022)
Median Weekly Rent Price
House
$600
Updated on Sep 2022
2 BR $520 | 3 BR $695 | 4 BR $900 |
Unit
$400
Updated on Sep 2022
1 BR $350 | 2 BR $450 | 3 BR $675 | 4 BR $850 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $480 | 0.0% | $260 | $950 | 93 |
| 2012 | $500 | +4.0% | $250 | $1,500 | 113 |
| 2013 | $525 | +4.8% | $265 | $1,020 | 142 |
| 2014 | $530 | +0.9% | $235 | $1,050 | 155 |
| 2015 | $550 | +3.6% | $280 | $1,300 | 200 |
| 2016 | $570 | +3.5% | $280 | $1,300 | 180 |
| 2017 | $600 | +5.0% | $280 | $1,800 | 160 |
| 2018 | $620 | +3.2% | $330 | $1,650 | 177 |
| 2019 | $630 | +1.6% | $300 | $1,700 | 176 |
| 2020 | $620 | -1.6% | $250 | $1,600 | 216 |
| 2021 | $600 | -3.3% | $230 | $1,500 | 198 |
| 2022 | $600 | 0.0% | $280 | $1,400 | 169 |
Median Rent Price
$600
per week
Based on 187 recorded rent within the last 12 months
Updated on 29 Nov 2022
Rent Price Growth
+0.8%
Current Median Rent: $600
Previous Median Rent: $595
Based on 384 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.2%
Current Median Price: $1,395,000
Current Median rent: $600
Based on 272 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2022)
Auction Results For North Melbourne
Houses sold in Last 12 months ends 26 Nov 2022
$1.26M
Median Sale Price
81%
Clearance Rate
59/73
Sold/Reported
$4.65M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 3 | |
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 2 | |
| $1.6 M - $1.8 M | 5 | |
| $1.4 M - $1.6 M | 7 | |
| $1.2 M - $1.4 M (Median Price Range) | 9 | |
| $1 M - $1.2 M | 11 | |
| $800 K - $1 M | 8 | |
| $600 K - $800 K | 1 | |
| $400 K - $600 K | 1 | |
Similar Suburbs to North Melbourne 3051
Based on median house sale price sold in last 12 months
Schools closest to North Melbourne, VIC 3051
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| North Melbourne Primary School | 210 ERROL STREETNorth Melbourne 3051 | Primary | Government | 0.58 km |
| University High School | 77 STORY STREETParkville 3052 | Secondary | Government | 0.92 km |
| St Michael's School | 8 BROUGHAM STNorth Melbourne 3051 | Primary | Catholic | 1.06 km |
| St Aloysius College | 31 CURRAN STNorth Melbourne 3051 | Secondary | Catholic | 1.18 km |
| Ozford College | LEVELS 2 AND 5, 123 LONSDALE STREETMelbourne 3000 | Secondary | Independent | 1.42 km |
| Eltham College of Education City CampusTop 100 | Melbourne 3000 | Combined | Independent | 1.73 km |
| Stotts College | 43 ELIZABETH STREETMelbourne 3000 | Secondary | Independent | 1.68 km |
| Holy Rosary School | 37 GOWER STKensington 3031 | Primary | Catholic | 1.86 km |
| Flemington Primary School | MT ALEXANDER ROADFlemington 3031 | Primary | Government | 2.22 km |
| St Brendan's School | 103 WELLINGTON STFlemington 3031 | Primary | Catholic | 2.56 km |