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All About North Melbourne, Melbourne, VIC, 3051

North Melbourne, located just a short distance from Melbourne's Central Business District, boasts a diverse and dynamic housing market characterized by a mix of historic homes, modern apartments, and stylish townhouses. The suburb is known for its Victorian-era architecture, with charming terraces and period homes lining its streets, often commanding strong interest from buyers who appreciate their heritage and character. In recent years, North Melbourne has seen significant urban development, spurred by its appeal to both young professionals and families seeking proximity to the city. This has led to a steady increase in property values, although it remains relatively more affordable compared to some of its neighboring inner-city suburbs. The housing market is buoyed by strong demand and a robust rental market, particularly attractive to students and professionals attending the nearby University of Melbourne or working in the healthcare and education sectors.

Living in North Melbourne offers a vibrant, community-focused lifestyle with a rich tapestry of cultural and recreational amenities. Residents enjoy easy access to public transportation, including trams and trains, facilitating quick commutes to the CBD and surrounding areas. The suburb is home to numerous cafes, boutique shops, and gourmet eateries along Errol Street, which serves as its bustling commercial hub. North Melbourne is also renowned for its green spaces, including the expansive Royal Park, offering residents ample opportunities for outdoor activities and relaxation. The community-centric vibe is further enhanced by regular local events and markets, fostering a sense of belonging and engagement among its diverse population. With its blend of historic charm and modern conveniences, North Melbourne continues to attract those seeking a balanced urban lifestyle in a connected and lively neighborhood.

Household Makeup

Median Weekly Rent $419.65
Median Monthly Mortgage $2134.88
Median Persons Per bed houseroom 1.00
Average Household Size 2.00
Average Age 32.04
Average Income $1103.08
Average Cars Per Dwelling 0.91
Average Properties Within 50M 331
Typical 1 bed house$532,000
Typical 2 bed house$1,256,000
Typical 3 bed house$2,016,000
Typical 4 bed house$2,548,000
Typical 5 bed house$3,133,000
Typical 6 bed+ house$2,064,000

Housing Stock

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North Melbourne Real Estate Market Outlook

Thinking about buying in North Melbourne? Now could not be a better time, with 19426 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $990,000 with prices in this suburb ranging from $57,000 to $13,890,000. North Melbourne is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in North Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in North Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in North Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in North Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Properties for sale North Melbourne

BarryPlant Unit 706, 83 Flemington Road, North Melbourne, VIC, 3051 Beds2 Bathrooms1 Parking 0 $440,000 - $480,000
Belle Property Unit A8, 335 Abbotsford Street, North Melbourne, VIC, 3051 Beds1 Bathrooms1 Parking 1 $570,000 - $620,000
Belle Property Unit 212, 150 Peel Street, North Melbourne, VIC, 3051 Beds1 Bathrooms1 Parking 1 $450,000 - $490,000
Belle Property Unit 706, 58 Villiers Street, North Melbourne, VIC, 3051 Beds3 Bathrooms2 Parking 1 $790,000 - $850,000
Belle Property 7-9 Raglan Street, North Melbourne, VIC, 3051 Beds Bathrooms1 Parking 1 $1,850,000 - $2,000,000
Belle Property Unit 3, 2 Atkin Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Asking Price $820,000
Belle Property Unit 103, 85 Leveson Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 1 $720,000 - $770,000
Belle Property Unit 185, 159 Melrose Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 $1,250,000 - $1,300,000
Belle Property Unit 318, 86 Macaulay Road, North Melbourne, VIC, 3051 Beds2 Bathrooms1 Parking 1 $470,000 - $517,000
Belle Property 20 Trafalgar Place, North Melbourne, VIC, 3051 Beds2 Bathrooms1 Parking 1 $1,025,000 - $1,075,000
Belle Property Unit 110, 188 Macaulay Road, North Melbourne, VIC, 3051 Beds3 Bathrooms2 Parking 1 $950,000 - $1,040,000
Belle Property Unit 609, 83 Flemington Road, North Melbourne, VIC, 3051 Beds1 Bathrooms1 $349,000
Belle Property 97 Chetwynd Street, North Melbourne, VIC, 3051 Beds3 Bathrooms1 $1,250,000 - $1,300,000
Belle Property Unit 19, 171 Flemington Road, North Melbourne, VIC, 3051 Beds1 Bathrooms1 Parking 1 $244,500
Belle Property Unit 306, 22 Courtney Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 2 $900,000 - $950,000
Belle Property Bailly House, 68-72 Chapman Street, North Melbourne, VIC, 3051 Beds3 Bathrooms3 Parking 2 $2,000,000 - $2,200,000
Belle Property Unit 501, 83 Flemington Road, North Melbourne, VIC, 3051 Beds1 Bathrooms1 $355,000
Belle Property 680-684 Queensberry Street, North Melbourne, VIC, 3051 Beds3 Bathrooms2 Parking 1 Contact agent
Buxton Unit 712, 111 Canning Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 1 Private Sale $620,000 to $630,000
Buxton Unit 1509, 188 Macaulay Road, North Melbourne, VIC, 3051 Beds3 Bathrooms3 Parking 2 Private Sale $1,150,000 to $1,250,000
Fletchers Unit 807, 33 Racecourse Road, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 1 For Sale $485,000
Harcourts Unit 107, 108 Haines Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 1 $640,000 - $700,000
LJ Hooker Unit 105, 83 Flemington Road, North Melbourne, VIC, 3051 Beds2 Bathrooms1 $490,000 - $530,000
Nelson Alexander 196 Capel Street, North Melbourne, VIC, 3051 Beds3 Bathrooms1 Parking 1 Auction $1,100,000 - $1,200,000
Nelson Alexander Unit A20, 335 Abbotsford Street, North Melbourne, VIC, 3051 Beds2 Bathrooms1 Parking 1 EOI $550,000 - $600,000
Nelson Alexander Flat 21, 205-207 Flemington Road, North Melbourne, VIC, 3051 Beds2 Bathrooms1 Parking 1 EOI $365,000 - $380,000
Nelson Alexander Unit 3, 352 Victoria Street, North Melbourne, VIC, 3051 Beds2 Bathrooms2 Parking 1 Under Offer
Nelson Alexander Unit 4, 201 Abbotsford Street, North Melbourne, VIC, 3051 Beds4 Bathrooms2 Parking 1 Private Sale $1,089,000
Nelson Alexander 321-323 Queensberry Street, North Melbourne, VIC, 3051 Beds3 Bathrooms1 Parking 1 Sold
Ray White Unit 303, 188 Macaulay Road, North Melbourne, VIC, 3051 Beds1 Bathrooms1 Parking 1 440000
Ray White Unit 316, 108 Haines Street, North Melbourne, VIC, 3051 Beds1 Bathrooms1 Parking 1 430000
The Agency 16 Molesworth Street, North Melbourne, VIC, 3051 Beds6 Bathrooms3 $2,350,000
Woodards 5-7 Youngs Lane, North Melbourne, VIC, 3051 Beds Bathrooms $830,000
Properties for sale in North Melbourne

Local Schools

North Melbourne Primary School

St Michael's School

St Aloysius College

St Joseph's Flexible Learning Centre Melbourne

River Nile School

Simonds Catholic College

University High School

Debney Meadows Primary School

Holy Rosary School

St Brendan's School

(While the above schools are located with the suburb of North Melbourne there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

North Melbourne weather - Average Local Climate by month

(mm)
RAIN		Min (°C)
TEMP		Max (°C)
TEMP		Min (%)
HUMIDITY		Max (%)
HUMIDITY		 (m/sec)
WIND		 (MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology

Public Transport

Stop 14: Queensberry Street - Less than 1 KM Stop 14: Abbotsford Street - Less than 1 KM Stop 18: Chapman Street - Less than 1 KM Stop 18: Erskine Street - Less than 1 KM Stop 17: Molesworth Street - Less than 1 KM Stop 17: Canning Street - Less than 1 KM Stop 15: Arden Street - Less than 1 KM Stop 15: Arden Street - Less than 1 KM Stop 16: Haines Street - Less than 1 KM Stop 16: Haines Street - Less than 1 KM

General Points of Interest

Hall's Taekwondo Centre - Less than 10 KM Green Acres Golf Club - Less than 10 KM Trinity College - Less than 2 KM Como Centre - Less than 10 KM Admiral Creswell Memorial - Less than 10 KM Melbourne Cricket Ground - Less than 5 KM Olympia Gymnasium - Less than 5 KM Centenary Bridge Pillar - Less than 5 KM Altona Badminton Centre - Less than 10 KM Flemington Grandstand - Less than 5 KM

Nearby Suburbs

ParkvilleKensingtonCarltonWest MelbourneTravancoreDocklandsCarlton NorthFlemingtonPrinces HillFitzroy

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