North Melbourne, VIC 3051
Compare Part of Melbourne
1.77 km
Distance from Melbourne CBD
10 k
Population
Auction Times
Thu 21 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 1 Cullens Lane 1 1 0 Apartment | 6:00 PM Thu 21st Jan | Nelson Alexander Real Estate |
Median Sale Price
House
$1.11M
Updated on Dec 2020
2 BR $955K | 3 BR $1.18M | 4 BR $1.28M |
Unit
$520K
Updated on Dec 2020
1 BR $375K | 2 BR $575K | 3 BR $1.03M |
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 | $775,000 | +16.1% | $410,000 | $2,380,000 | 71 |
| 2011 | $770,000 | -0.6% | $270,000 | $1,980,207 | 75 |
| 2012 | $775,000 | +0.6% | $301,000 | $2,700,000 | 74 |
| 2013 | $786,000 | +1.4% | $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 | $1,475,000 | +18.6% | $516,000 | $6,500,000 | 42 |
| 2018 | $1,250,000 | -18.0% | $407,500 | $4,600,000 | 50 |
| 2019 | $1,240,000 | -0.8% | $740,000 | $2,000,000 | 53 |
| 2020 | $1,150,000 | -7.8% | $707,000 | $1,555,000 | 37 |
| 2021 | $900,000 | -27.8% | $900,000 | $900,000 | 1 |
Median Sale Price
$1.15M
Based on 38 recorded sales within the last 12 months
Updated on 18 Jan 2021
Suburb Growth
-7.8%
Current Median Price: $1,150,000
Previous Median Price: $1,240,000
Based on 89 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$580
Updated on Dec 2020
2 BR $515 | 3 BR $675 | 4 BR $900 |
Unit
$420
Updated on Dec 2020
1 BR $360 | 2 BR $450 | 3 BR $675 | 4 BR $800 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $480 | 0.0% | $260 | $950 | 92 |
| 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 | 210 |
| 2021 | - | - | - | - | - |
Median Rent Price
$620
per week
Based on 202 recorded rent within the last 12 months
Updated on 18 Jan 2021
Rent Price Growth
-4.8%
Current Median Rent: $620
Previous Median Rent: $650
Based on 377 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,150,000
Current Median rent: $620
Based on 240 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For North Melbourne
Houses sold in Last 12 months ends 16 Jan 2021
$1.15M
Median Sale Price
79%
Clearance Rate
15/19
Sold/Reported
$2.65M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M (Median Price Range) | 4 | |
| $600 K - $800 K | 2 | |
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 |