VIC3051· Pop. 14,953Melbourne

NORTH MELBOURNE

MaturePremium-priced suburb — lower upside but defensive and liquid

Investor score

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$1,280,000

VIC Gov · 2025

Rent yield

2.4%

computed from govt data

Annual growth

2.4%

annualised from govt data

Vacancy rate

2.4%

modelled estimate

AI insights for NORTH MELBOURNE

Investment analysis, risks & comparisons

PREMIUM

NORTH MELBOURNE shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

AI insights locked

Investment analysis · Risk assessment · Suburb comparisons

Unlock with Premium

Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$600/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+3.6%

annual shift

Yield × growth index

2.4

combined signal

Net yield (est.)

2.17%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+2.1%

est. compound, long-run avg

10-yr growth (CAGR)

+6.0%

est. compound, long-run avg

Rental demand

48 / 100

Moderate demand

Supply pipeline

Est.

12.5%

new dwellings approved / stock · Modelled estimate

High supply risk

5-year price history

2020

$1152k

2021

$1312k

2022

$1310k

2023

$1220k

2025

$1280k

Source: VIC Gov · 2025 · all sources

Market overview

NORTH MELBOURNE is a metropolitan VIC suburb with moderate capital growth momentum and lower rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.

Highlights

Metro VIC suburb with strong infrastructure and transport
Rental yield 2.4% with stable tenant demand
Access to national transport network and amenities

Risk factors

High entry price may limit buyer pool
Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,717/wk

$73k taxable p.a.

Renters

63.7%

33.1% owner-occupier

Median age

31.0 yrs

Unemployment

3.8%

Population growth

+1.5% p.a.

Investor-owned

12.0%

of all dwellings (ATO)

Houses

30%

59% apartments

Degree qualified

49.9%

bachelor's or higher (ABS)

Work from home

20.8%

of employed residents (ABS Census)

Median lot size

210 m²

Compact block

Household size

2.5 persons

avg per dwelling (ABS Census)

Short-term rental

11.0%

Active STR market

Market activity

Distance to CBD

2.2 km

Inner city

Days on market

28 days

Normal turnover

Auction clearance

65.2%

Strong demand

Walkability

89 / 100

Walker's paradise

Coastal proximity

3.6 km

Near coast

NBN technology

FTTP

Fastest — full fibre to premises

Population density

6,552/km²

Very dense urban

Schools in postcode 3051

🏫2 Primary🎓1 Secondary⭐2 Special

ACARA 2025

🏫Primary (2)

North Melbourne Primary School

Government · Yrs Prep-6

ICSEA 1136

St Michael's Primary School

Catholic · Yrs Prep-6

ICSEA 1098

🎓Secondary (1)

St Aloysius College

Catholic · Yrs 7-12

ICSEA 1127

⭐Special (2)

Saints College

Catholic · Yrs 7-12

ICSEA 935

River Nile School

Independent · Yrs 11-12

ICSEA 820

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

High crime

59/ 100

7.8 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Average

1023ICSEA · national avg 1000

5 schools in postcode area

Source: ACARA My School 2025

Transit access

Excellent

85/ 100

🚆 3 train🚃 4 tram🚌 31 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Moderate momentum

Moderate indicators of demographic change. Young professionals, rising degree rates, and reasonable transit suggest gradual improvement.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

none

Source: State GIS flood zone data

🔥

Bushfire risk

low

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

low

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

Properties in NORTH MELBOURNE

View listings

Local professionals

Connect with agents and building inspectors who operate in NORTH MELBOURNE. Ask about off-market opportunities, rental appraisals, or arrange a building inspection.

Create a free account to message agents and inspectors directly.

Premium feature

Full suburb intelligence is available to Premium subscribers. Unlock unlimited research, scoring, and market signals.

Upgrade to Premium