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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 $700 per week and the median rental yield is 2.80%. Stock on the market for houses/townhouses has changed 17.86% compared to last year and the average time to sell a house/townhouse is 58 days.The median listing price for units is $495,000 and this has changed -1.00% over the past year. The average unit takes 148 days to sell and the median rent for a unit in North Melbourne is $480 per week, producing a rental yield of 5.04%.

Supply & Demand in North Melbourne, Melbourne

1.83%

Current vacancy rate


195

Rental stock available


14,935

Population


54.89%

Rental population


2.64%

Current vacancy rate


3,541

Rental stock available


135,965

Population


52.20%

Rental population


0.94%

Current vacancy rate


29,256

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 $495,000
Median price change - last quarter -3.71% -9.10% -1.00%
Median price change - 1 year 0.00% -4.31% -1.00%
Median price change - 2 years 0.00% -13.80% -6.61%
  House Townhouses Units
Median weekly rent $700 $750 $480
Median yield % 2.80% 3.90% 5.04%
Median rent change - 1 year 6.06% 4.16% 4.34%
  House Units
Previous month sales 10 16
Stock on market previous month 33 153
Stock variance vs. last year 17.86% 0.66%
Average days on market 58 148

North Melbourne investment property listings

Showing 1 of 1 investment properties found in North Melbourne on realestateinvestar.com.au

186 Errol St, NORTH MELBOURNE

$875,000

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VIC 3051


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