What is the current median house price in North Melbourne, VIC?
The median house price in North Melbourne, VIC 3051 is $1,696,000 as of 2026. The median unit/apartment price is $850,000. Prices have declined by 0.9% over the past 12 months.
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Core Market Intelligence — May 2026
The median house price in North Melbourne, VIC 3051 is $1,696,000 as of 2026. The median unit/apartment price is $850,000. Prices have declined by 0.9% over the past 12 months.
North Melbourne presents a mixed investment picture that requires careful analysis. Key indicators include limited current data. Investors should consider their strategy (capital growth vs yield) and conduct due diligence on local market conditions before making decisions.
The gross rental yield in North Melbourne, VIC 3051 is approximately 2.6%, with a median weekly rent of $381. This yield reflects a growth-oriented market where capital gains may offset lower income returns.
North Melbourne, VIC 3051 has a population of 14,953 with a median age of 31. The median household income is $4,086.