North Melbourne Suburb Profile

Victoria 3051

North Melbourne has 12,013 properties. Over the last 5 years, Houses in North Melbourne have seen a 15.48% increase in median value, while Units have seen a 7.09% increase. As at 30 November 2024:

• The median value for Houses in North Melbourne is $1,445,894 while the median value for Units is $495,366.
• Houses have a median rent of $700 while Units have a median rent of $540.

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 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% 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 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.