North Melbourne, VIC 3051

North Melbourne, VIC 3051

Compare Part of Melbourne

1.77 km
Distance from CBD
10 k
Population

Auction Times

Sat 14 Dec
Auction Time Agency
109/64 Macaulay Road
2 1 1 Apartment
11:00 AM
Sat 14th Dec
Alexkarbon Real Estate
G1/139 Chetwynd Street
2 1 1 Apartment
12:30 PM
Sat 14th Dec
Alexkarbon Real Estate
Sat 21 Dec
Auction Time Agency
13/369 Abbotsford Street
3 1 1 Flat
11:00 AM
Sat 21st Dec
Hocking Stuart
Median Sale Price
House
$1.18M
Updated on Nov 2019
2 BR
$880K
3 BR
$1.33M
4 BR
$1.72M
Unit
$445K
Updated on Nov 2019
1 BR
$333K
2 BR
$525K
3 BR
$638K
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 51
Median Sale Price
$1.18M
Based on 53 recorded sales within the last 12 months
Updated on 10 Dec 2019
Suburb Growth
-9.1%
Current Median Price: $1,182,000
Previous Median Price: $1,290,000
Based on 102 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2019)
Price Range Segments (12 months ending Nov 2019)
Median Weekly Rent Price
House
$620
Updated on Nov 2019
2 BR
$550
3 BR
$720
4 BR
$920
Unit
$460
Updated on Nov 2019
1 BR
$410
2 BR
$530
3 BR
$710
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 $1,300 198
2016
$570
+3.5% $280 $1,300 180
2017
$600
+5.0% $280 $1,800 160
2018
$630
+4.8% $330 $1,650 175
2019
$630
0.0% $350 $1,700 146
Median Rent Price
$630
per week
Based on 158 recorded rent within the last 12 months
Updated on 10 Dec 2019
Rent Price Growth
0.0%
Current Median Rent: $630
Previous Median Rent: $630
Based on 333 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,182,000
Current Median rent: $630
Based on 211 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2019)

Auction Results For North Melbourne

Houses sold in Last 12 months ends 7 Dec 2019

$1.11M

Median Sale Price

70%

Clearance Rate

38/55

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
$400 K - $600 K 1

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