North Melbourne Property Investment Overview
Suburb research data for North Melbourne, VIC 3051 — median prices, rental yield and suburb signals. General information only.
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The key figures on this page — median, rent, yield and their sources — in your inbox for when you're comparing shortlists. One email, no mailing list.
📍 Suburb Overview
🛡️ Safety & Crime
North Melbourne shows well above-average reported crime compared with other VIC suburbs, based on 2024 state police data.
Investment Signals
Backed by 10-29 recent transactions; treat as a solid estimate.
Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.
Price History
We only chart a price trend when the underlying source data is consistent enough to be reliable. For this suburb, the current median above reflects the latest data we can stand behind.
🏫 Schools
🔄 Compare & Explore
North Melbourne's 2.4% gross rental yield is below the VIC median of 3.1%, across 760 VIC suburbs with public data.
Similar suburbs in VIC by price range, ranked by yield:
💰 Cashflow Snapshot
❓ Frequently Asked Questions
Is North Melbourne a good suburb to invest in?
North Melbourne has a high renter proportion (83%) and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.
What is the median house price in North Melbourne?
The median house price in North Melbourne is approximately $1,326,000 based on 2025 public data.
What is the rental yield in North Melbourne?
The indicative gross rental yield in North Melbourne is 2.4%, based on a median weekly rent of $600 against a median price of $1,326,000. This is general data only — actual yields vary by property, condition and market timing.
How does North Melbourne compare to other suburbs?
Use the suburb comparison tool to compare North Melbourne against other Australian suburbs by price, yield, vacancy and renter demand.
Is North Melbourne a safe suburb?
North Melbourne shows well above-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 151 incidents per 1,000 residents. Always check current local crime statistics before deciding.
What schools are in North Melbourne?
North Melbourne has 4 known schools, including North Melbourne Primary School, St Aloysius College, River Nile School, St Joseph's Flexible Learning Centre Melbourne. Catchments and enrolment policies change — confirm directly with each school.
Where does PropertyScoutAU get its suburb data?
PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.
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