North Melbourne, VIC 3051

North Melbourne, VIC 3051

Compare Part of Melbourne

1.77 km
Distance from 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

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