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John Costa

Mortgage Broker and home loans North Melbourne

January 2023 by John Costa

North Melbourne
Victoria, 3051
North Melbourne suburb profile and review

North Melbourne House Prices, Trends & Suburb Profile

Situated 2km North-West of Melbourne’s city centre, North Melbourne is a lively and
diverse area. Making up its residency are a blend of established and newly
constructed dwellings with commercial, industrial and community based facilities
dotted within. Errol St is the vibrant hub with a range of cafes, restaurants and bars
with boutique shopping to boot. The locality also boasts the historic Meat Market a
focal point for the creative arts and cultural productions. The North Melbourne
recreation and aquatic centre ls situated a stones throw from the Arden urban
renewal precinct, a developing new metro hub.

The charming North Melbourne Town Hall is home to the Arts house and features
flexible performance spaces and communal artforms.

Median house prices in North Melbourne have remained stable over the last three
years whereas units have increased by 20% during the same period.

North Melbourne, the figures
Median House Price - $1,300,000
Population – 14,953
Median Age – 31
Median Weekly Income - $1,717
Median Monthly Mortgage - $2,035

Source ABS, Core logic

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