North Melbourne, VIC 3051

North Melbourne, VIC 3051

Compare Part of Melbourne

1.77 km
Distance from CBD
10 k
Population

Auction Times

Sat 7 Oct
 Auction Time Agency
8/159 Curzon Street
2 1 1 Apartment
11:00 AM
Sat 7th Oct		 Paul McDonald Real Estate
Median Sale Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
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 $3,800,600 75
2023
$1,300,000
 -6.2% $810,000 $2,600,000 47
Median Sale Price
$1.3M
Based on 64 recorded sales within the last 12 months
Updated on 25 Sep 2023
Suburb Growth
-7.3%
Current Median Price: $1,300,000
Previous Median Price: $1,395,000
Based on 164 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2023)
Price Range Segments (12 months ending Aug 2023)
Median Weekly Rent Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
1 BR
-
2 BR
-
3 BR
-
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 $1,595 199
2022
$600
 0.0% $250 $1,800 201
2023
$690
 +13.0% $345 $1,500 113
Median Rent Price
$675
per week
Based on 160 recorded rent within the last 12 months
Updated on 25 Sep 2023
Rent Price Growth
+11.1%
Current Median Rent: $675
Previous Median Rent: $600
Based on 363 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.7%
Current Median Price: $1,300,000
Current Median rent: $675
Based on 224 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2023)

Auction Results For North Melbourne

Houses sold in Last 12 months ends 23 Sep 2023

$1.42M

Median Sale Price

84%

Clearance Rate

36/43

Sold/Reported

$3.48M

Highest Sale Price

Sold Price Range No. of Sold Properties
$3 M and more 1
$2 M - $3 M 6
$1.8 M - $2 M 1
$1.6 M - $1.8 M 2
$1.4 M - $1.6 M
(Median Price Range)		 3
$1.2 M - $1.4 M 2
$1 M - $1.2 M 4
$800 K - $1 M 7

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