North Melbourne Suburb ProfileVictoria 3051
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North Melbourne has 12,776 properties. Over the last 5 years, Houses in North Melbourne have seen a 4.83% increase in median value, while Units have seen a 4.36% increase. As at 31 October 2025:
- The median value for Houses in North Melbourne is $1,319,183 while the median value for Units is $495,320.
- Houses have a median rent of $675 while Units have a median rent of $575.
The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.
Market Insights
North Melbourne Trends for Houses
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North Melbourne Trends for Units
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Neighbourhood Insights
Age
Population 14953
0-9
8%
10-19
9%
20-29
29%
30-39
22%
40-49
12%
50-59
8%
60-69
6%
70-79
4%
80-89
2%
Household Structure
Occupancy
Recent Sales in NORTH MELBOURNE 3051
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0Properties for sale in NORTH MELBOURNE 3051
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Properties for rent in NORTH MELBOURNE 3051
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Last Updated: 05/12/2025
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