Market snapshot

Suburb insights for North Melbourne3051

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North 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
5 Canning St, North Melbourne3PriceHouseAuction Sale24/10/2025Jellis CraigView
2/1A Canning St, North Melbourne2PriceUnitAuction Sale24/10/2025Belle Property Carlton & MelbourneView
8 Chapman St, North Melbourne2PriceHousePassed in at Auction24/10/2025Belle Property Carlton & MelbourneView
3/49 Brougham St, North Melbourne1PriceApartmentPrivate Sale9/10/2025Barry PlantView
241/23 Blackwood St, North Melbourne1PriceApartmentPrivate Sale26/09/2025Ironfish Real Estate - MelbourneView
400 Dryburgh St, North Melbourne3PriceHouseAuction Sale24/10/2025Nelson AlexanderView
119 Peel St, North Melbourne2PriceHouseSold Before Auction21/10/2025Matthews AgencyView
1/22 Byron St, North Melbourne1PriceApartmentPrivate Sale2/10/2025Belle Property Carlton & MelbourneView

Sales data

Median sale price
$1.4mil
Quarterly price change
-2.9%
Metro Melbourne Comparison
$955k
2.7%
BedroomsNorth MelbourneMetro comparison
2$972,000$910,000
3$1,400,000$830,000
4$1,972,500$951,500
InsightNorth MelbourneMetro comparison
Clearance rate76.9%81.4%
Days on market39.536

Rental data

Median weekly rent
$723
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
BedroomsNorth MelbourneMetro comparison
2$650$580
3$795$550
4$980$600
Median data for the current quarter

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