North Melbourne, VIC 3051
Compare Part of Melbourne
1.77 km
Distance from Melbourne CBD
10 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | $4,000,000 | 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 | $1,350,000 | -2.3% | $810,000 | $2,900,000 | 58 |
| 2024 | $1,330,000 | -1.5% | $442,500 | $2,820,000 | 65 |
Median Sale Price
$1.33M
Based on 65 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-1.5%
Current Median Price: $1,330,000
Previous Median Price: $1,350,000
Based on 123 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | 217 |
| 2021 | $600 | -3.3% | $230 | $1,595 | 199 |
| 2022 | $600 | 0.0% | $250 | $1,800 | 202 |
| 2023 | $690 | +13.0% | $330 | $2,000 | 166 |
| 2024 | $730 | +5.5% | $360 | $1,600 | 146 |
Median Rent Price
$730
per week
Based on 146 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+5.5%
Current Median Rent: $730
Previous Median Rent: $690
Based on 312 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.9%
Current Median Price: $1,330,000
Current Median rent: $730
Based on 211 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For North Melbourne
Houses sold in Last 12 months ends 21 Dec 2024
$1.14M
Median Sale Price
52%
Clearance Rate
22/43
Sold/Reported
$2.26M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $1.8 M - $2 M | 1 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M (Median Price Range) | 1 | |
| $800 K - $1 M | 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 |