North Melbourne, VIC 3051
Compare Part of Melbourne
1.77 km
Distance from Melbourne CBD
10 k
Population
Auction Times
Sat 29 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 22 Mark Street 3 3 2 Townhouse | 11:00 AM Sat 29th Feb | Alexkarbon Real Estate |
 | 606-608 Victoria Street 3 1 4 House | 11:00 AM Sat 29th Feb | Hocking Stuart |
 | 703/83 Flemington Road 2 1 0 Apartment | 11:00 AM Sat 29th Feb | Noel Jones |
 | 306/720 Queensberry Street 4 2 2 Apartment | 1:30 PM Sat 29th Feb | Nelson Alexander Real Estate |
Sat 7 Mar | Auction Time | Agency | |
|---|---|---|---|
 | 134 Curzon Street 4 1 1 House | 10:00 AM Sat 7th Mar | Nelson Alexander Real Estate |
 | 22/17-21 Blackwood Street 2 1 1 Unit | 10:30 AM Sat 7th Mar | Nelson Alexander Real Estate |
Median Sale Price
House
$1.25M
Updated on Jan 2020
2 BR $950K | 3 BR $1.33M | 4 BR $1.68M |
Unit
$451K
Updated on Jan 2020
1 BR $348K | 2 BR $529K | 3 BR $653K |
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 | $1,555,000 | +20.3% | $1,497,000 | $1,555,000 | 3 |
Median Sale Price
$1.28M
Based on 53 recorded sales within the last 12 months
Updated on 29 Feb 2020
Suburb Growth
+5.9%
Current Median Price: $1,280,000
Previous Median Price: $1,205,000
Based on 104 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$620
Updated on Jan 2020
2 BR $550 | 3 BR $698 | 4 BR $900 |
Unit
$460
Updated on Jan 2020
1 BR $410 | 2 BR $530 | 3 BR $695 | 4 BR $1,000 |
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 | $535 | +1.9% | $235 | $1,050 | 154 |
| 2015 | $550 | +2.7% | $280 | $1,300 | 199 |
| 2016 | $570 | +3.5% | $280 | $1,300 | 180 |
| 2017 | $600 | +5.0% | $280 | $1,800 | 160 |
| 2018 | $630 | +4.8% | $330 | $1,650 | 176 |
| 2019 | $630 | 0.0% | $300 | $1,700 | 175 |
| 2020 | $720 | +12.5% | $370 | $1,200 | 13 |
Median Rent Price
$650
per week
Based on 158 recorded rent within the last 12 months
Updated on 29 Feb 2020
Rent Price Growth
+1.5%
Current Median Rent: $650
Previous Median Rent: $640
Based on 323 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,280,000
Current Median rent: $650
Based on 211 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For North Melbourne
Houses sold in Last 12 months ends 22 Feb 2020
$1.11M
Median Sale Price
72%
Clearance Rate
37/52
Sold/Reported
$2M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.8 M - $2 M | 1 | |
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 3 | |
| $1.2 M - $1.4 M | 3 | |
| $1 M - $1.2 M (Median Price Range) | 5 | |
| $800 K - $1 M | 6 | |
| $600 K - $800 K | 5 | |
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 |