Market snapshot
Suburb insights for North Melbourne3051
Change suburbNorth Melbourne, approximately 3 km northwest of Melbourne's CBD, is a culturally rich suburb, renowned for its Victorian terraces, bustling cafes on Errol and Latrobe Streets, and a growing arts and community scene. It balances inner-urban density with green spaces, schools, public transport and proximity to hospitals and universities. The suburb appeals to students, young families, professionals, and creatives who seek diversity, amenity, and city-edge living.
Recent sales and auction results in North Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 442 Abbotsford St, North Melbourne | 3 |  | House | Auction Sale | 1/05/2026 | Jellis Craig | View |
| 416 Dryburgh St, North Melbourne | 3 |  | House | Passed in at Auction | 1/05/2026 | Nelson Alexander | View |
| 1/2 Queensberry Pl, North Melbourne | 2 |  | Apartment | Auction Sale | 1/05/2026 | Rendina | View |
Sales data
Median sale price
$1.4mil
Quarterly price change
-6.8%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $1,009,500 | $950,000 |
| 3 | $1,482,500 | $863,000 |
| 4 | $1,900,000 | $980,500 |
| Insight | North Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 71.4% | 74.9% |
| Days on market | 36 | 37 |
Rental data
Median weekly rent
$705
Rental yield
2.6%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | North Melbourne | Metro comparison |
|---|---|---|
| 2 | $645 | $595 |
| 3 | $780 | $550 |
| 4 | $995 | $595 |
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