Aerial view of residential and commercial buildings
The quick read on
VIC 3051 · Melbourne
What homes cost, how rents have moved, and a feel for the people who call it home.
latest suburb median
latest suburb median
North Melbourne, Victoria
Median sale price and rental income of properties in North Melbourne VIC
Based on 78 sales in the preceding 12 months
$1,190,000
Down 6.2% over 12 months
Based on 124 rental listings in the preceding 12 months
$725 per week
Down 3.3% over 12 months
Market data updated September 2026.
The median house price in North Melbourne, VIC is currently $1,190,000, based on the latest 12 months of sales. North Melbourne has a 12-month growth rate of -6.2% for houses and 6.5% for units.
Two-bedroom houses have a median sale price of $965,000, Three-bedroom houses have a median sale price of $1,300,000, Four-bedroom houses have a median sale price of $1,810,000 in North Melbourne.
If you're looking to lease, the median rent for houses in North Melbourne is $725 per week. The median house rent has decreased 3.3% over the last 12 months.
The median price of apartments and units for sale in North Melbourne is $550,000, which has increased 6.5% since the same time last year. One-bedroom apartments and units have a median sale price of $370,000, Two-bedroom apartments and units have a median sale price of $625,000, Three-bedroom apartments and units have a median sale price of $1,040,000, Four-bedroom apartments and units have a median sale price of $1,000,000 in North Melbourne. The median rent for units and apartments in North Melbourne is $600 per week and has increased 4.3% over the last 12 months.
Three useful questions
The median house price is $1,190,000, while units and apartments sit at $550,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Household and age data is limited here. Use the street list and neighbouring suburb profiles as a starting point, then check schools, transport and daily needs for the exact part of the suburb you are considering.
3-bedroom houses have a median around $1,300,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
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Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.