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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 0.65% over the past year and changed 0.00% over 2 years.

The median rent in North Melbourne for houses is $720 per week and the median rental yield is 2.88%. Stock on the market for houses/townhouses has changed 0.00% compared to last year and the average time to sell a house/townhouse is 50 days.The median listing price for units is $500,000 and this has changed -0.90% over the past year. The average unit takes 162 days to sell and the median rent for a unit in North Melbourne is $480 per week, producing a rental yield of 4.99%.

Supply & Demand in North Melbourne, Melbourne

1.77%

Current vacancy rate


188

Rental stock available


14,935

Population


54.89%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

Rental population


0.93%

Current vacancy rate


28,886

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 $1,000,000 $500,000
Median price change - last quarter -3.71% -9.10% -1.00%
Median price change - 1 year 0.65% 0.00% -0.90%
Median price change - 2 years 0.00% -13.80% -3.85%
  House Townhouses Units
Median weekly rent $720 $750 $480
Median yield % 2.88% 3.90% 4.99%
Median rent change - 1 year 6.66% 4.16% 4.34%
  House Units
Previous month sales 6 20
Stock on market previous month 33 136
Stock variance vs. last year 0.00% -9.33%
Average days on market 50 162

North Melbourne investment property listings

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