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Investment Property North Melbourne, VIC, 3051

Suburb Snapshot

North Melbourne is a suburb in the Melbourne Region of Victoria. North Melbourne has a population of 14,935 people and 54.89% of its occupants live in rental accommodation. The median listing price for houses is $1,300,000 and this has changed 0.00% over the past year and changed 0.00% over 2 years.

The median rent in North Melbourne for houses is $660 per week and the median rental yield is 2.64%. Stock on the market for houses/townhouses has changed -12.50% compared to last year and the average time to sell a house/townhouse is 61 days.The median listing price for units is $500,000 and this has changed -5.67% over the past year. The average unit takes 235 days to sell and the median rent for a unit in North Melbourne is $460 per week, producing a rental yield of 4.78%.

Supply & Demand in North Melbourne, Melbourne

1.80%

Current vacancy rate


185

Rental stock available


14,935

Population


54.89%

Rental population


2.59%

Current vacancy rate


3,295

Rental stock available


135,965

Population


52.20%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for North Melbourne, Melbourne

  House Townhouses Units
Median listing price $1,300,000 $1,045,000 $500,000
Median price change - last quarter -3.71% 4.50% 0.00%
Median price change - 1 year 0.00% -9.92% -5.67%
Median price change - 2 years 0.00% -12.56% 0.20%
  House Townhouses Units
Median weekly rent $660 $720 $460
Median yield % 2.64% 3.58% 4.78%
Median rent change - 1 year 10.00% 7.46% 15.00%
  House Units
Previous month sales 8 5
Stock on market previous month 28 152
Stock variance vs. last year -12.50% -0.65%
Average days on market 61 235

North Melbourne investment property listings

Showing 5 of 168 investment properties found in North Melbourne on realestateinvestar.com.au

22/70 OShanassy St, NORTH MELBOURNE

$485,000

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VIC 3051


24/85 Haines St, NORTH MELBOURNE

$780,000

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Townhouse

VIC 3051


g05/83 Flemington Rd, NORTH MELBOURNE

$475,000

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VIC 3051


C8/85-87 Haines St, NORTH MELBOURNE

$580,000

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Townhouse

VIC 3051


16/342 Dryburgh St, North Melbourne

$600,000

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A stylish modern showcase of space, quality & city views

Experience the sublime pleasures of a stylish interior, quality appointments and city views with this brilliantly renovated 2 bedroom apartment in a city-edge lifestyle locale. Situated on the top or third-floor of a low-rise building capturing streams of natural light, this peaceful single-level ...

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VIC 3051


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