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Real Estate Market: Is North Melbourne VIC 3051 a Good Suburb to Buy Into?

Housing Market in North Melbourne
Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023
Field Value VS Melbourne Trend
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$776 Top 18% 138% to Dec 2025
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Housing Supply in North Melbourne
The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
Field Value VS Melbourne Trend
30.7 Top 21% 97% to Jun 2025
0.8 Bottom 31% Data for Jul 2023
85.7 Top 4% Data for May 2023
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4 lots Bottom 48% 50% to Mar 2023
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37 Top 1% 270% to Dec 2025
Housing Stock Quality in North Melbourne
The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023
Field Value VS Melbourne Trend
4.2% Bottom 0% 1% to Jan 2021
2.0 Bottom 15% 4% to Jan 2021
0.3% Top 23% Data for Jun 2023
Development Restrictions in North Melbourne
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
Field Value VS Melbourne Trend
2.7 sq km Bottom 28% Data for Jan 2021
1.5 sq km Top 8% Data for Jun 2023
149 sqm per resident Bottom 2% Data for Jan 2021
Risk in North Melbourne
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Field Value VS Melbourne Trend
56.0% Bottom 1% 2% to May 2023
44.0% Top 1% 3% to May 2023
54 Top 10% Data for Jun 2023
$2,150 Top 37% 16% to May 2023
72 Bottom 17% Data for Jun 2023
66 Bottom 11% Data for Jun 2023
27.2% Top 24% 30% to Jan 2021
21.5% Bottom 9% 8% to May 2023
Housing Demand in North Melbourne
The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030
Field Value VS Melbourne Trend
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21500 Top 16% 35% to Dec 2036
177000 Top 5% 219% to Dec 2023
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241000 Top 5% 335% to Dec 2030
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Unit Market in North Melbourne
Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023
Field Value VS Melbourne Trend
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$591 Top 18% 121% to Dec 2025
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41.8% Bottom 10% 50% to Dec 2025
Median Unit Sale Prices by Street (36)
Businesses (88)
Accommodation Options (27)
Median House Rental Prices by Street (36)
Median House Sale Prices by Street (31)
Realtors (10)
LGA Details (1)
Planning Applications: Other (55)
Planning Applications: Dwellings (43)
Planning Applications: Industrial (2)
Recently Sold Houses (100)
Percent of Renters by Street (100)
Turnover Rate by Street (100)
Recent Rental Unit Listings (100)
Recent Rental House Listings (100)
Recently Sold Units (100)
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