North Melbourne, VIC 3051
Compare Part of Melbourne
1.77 km
Distance from Melbourne CBD
10 k
Population
Auction Times
Sat 26 Jun | Auction Time | Agency | |
|---|---|---|---|
 | 19/17-21 Blackwood Street 2 1 1 Apartment | 10:00 AM Sat 26th Jun | Jellis Craig |
 | 4/17A Cobden Street 1 1 0 Apartment | 11:00 AM Sat 26th Jun | Alexkarbon Real Estate |
 | 8/80 O'Shanassy Street 2 1 0 Apartment | 12:00 PM Sat 26th Jun | Nardella Real Estate |
 | 17 Hotham Place 3 2 2 House | 12:30 PM Sat 26th Jun | Nelson Alexander Real Estate |
 | 8 Lancashire Lane 4 3 4 House | 3:00 PM Sat 26th Jun | Nelson Alexander Real Estate |
Sat 3 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 103/150 Peel Street 2 1 1 Apartment | 10:00 AM Sat 3rd Jul | Jellis Craig |
 | 359 Flemington Road 3 1 1 Townhouse | 10:00 AM Sat 3rd Jul | Kay & Burton |
 | 12 Little Dryburgh Street South 2 2 1 Townhouse | 11:00 AM Sat 3rd Jul | Alexkarbon Real Estate |
 | 649 Queensberry Street 2 1 0 House | 12:30 PM Sat 3rd Jul | Alexkarbon Real Estate |
Median Sale Price
House
$1.06M
Updated on Apr 2021
2 BR $930K | 3 BR $1.3M | 4 BR $1.87M |
Unit
$550K
Updated on Apr 2021
1 BR $390K | 2 BR $585K | 3 BR $880K |
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 | 38 |
| 2021 | $1,281,000 | +10.2% | $670,000 | $2,201,000 | 37 |
Median Sale Price
$1.24M
Based on 55 recorded sales within the last 12 months
Updated on 24 Jun 2021
Suburb Growth
+6.9%
Current Median Price: $1,235,000
Previous Median Price: $1,150,000
Based on 107 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$580
Updated on May 2021
2 BR $510 | 3 BR $628 | 4 BR $863 |
Unit
$380
Updated on May 2021
1 BR $330 | 2 BR $420 | 3 BR $650 | 4 BR $800 |
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 | $630 | +4.8% | $330 | $1,650 | 177 |
| 2019 | $630 | 0.0% | $300 | $1,700 | 176 |
| 2020 | $620 | -1.6% | $250 | $1,600 | 215 |
| 2021 | $600 | -3.3% | $230 | $1,150 | 90 |
Median Rent Price
$600
per week
Based on 202 recorded rent within the last 12 months
Updated on 24 Jun 2021
Rent Price Growth
-3.3%
Current Median Rent: $600
Previous Median Rent: $620
Based on 407 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.5%
Current Median Price: $1,235,000
Current Median rent: $600
Based on 257 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2021)
Auction Results For North Melbourne
Houses sold in Last 12 months ends 19 Jun 2021
$1.28M
Median Sale Price
86%
Clearance Rate
30/35
Sold/Reported
$2.65M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $1.6 M - $1.8 M | 2 | |
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M (Median Price Range) | 8 | |
| $1 M - $1.2 M | 5 | |
| $800 K - $1 M | 3 | |
| $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 |