Pulling the latest suburb data
Crunching safety, prices and growth — this takes a moment for suburbs we haven't loaded recently.
Crunching safety, prices and growth — this takes a moment for suburbs we haven't loaded recently.
Melbourne LGA · VIC
Signal · Higher risk
For an investor,
A read of North Melbourne's fundamentals as they stand — not a price forecast. The scorecard below rates each factor so you can weigh the ones that matter to you.
The draw is strong infrastructure (5 LGA projects · ~$485M); the watch-out is weak growth (-16% / ~5 yrs).
Pocket and street selection matter more than the suburb average.
Suburb highlights
North Melbourne ranks 3rd of 6 among its Melbourne peers on the Suburb Score for a balanced buyer.
| Suburb | Median | 5-yr growth | Yield | Safety |
|---|---|---|---|---|
| South Wharf | — | — | 2.9% | High activity |
| Kensington | $1.2m | +3% | 3.3% | High activity |
| North MelbourneThis suburb | $1.1m | −16% | 3.0% | High activity |
Every suburb gets the same data-backed verdict. Compare North Melbourne against its neighbours.
What could go wrong
Prices eased 13.0% over the year — strong +37% over the longer run.
By bedroom 2-bed $1.02m · 3-bed $1.45m · 4-bed $1.85m
Balanced rental market — neither tight nor oversupplied.
Approvals are outpacing demand — incoming supply can cap price and rent growth.
Sells slower than the VIC median — typically more room to negotiate.
Population growth is the clearest leading indicator of housing demand. North Melbourne grew +24% between 2015 and 2025, and is projected +35% more by 2036.
A comparative guide, not a household-level stress rate.
The report goes the next mile — your numbers run on the North Melbourne median, tuned to your goal, in one document to take to inspections.
Established, premium market — 31/100 on growth-and-yield fundamentals. Blue-chip prices come with lower yields and slower growth — the trade-off for stability, not weak fundamentals.
Adjust the basics and see the headline return update live.
Our verdict
Hard to justify for a balanced focusEvery figure on North Melbourne's page comes from free, public government data — no scraped listings. Some datasets carry a reporting lag (e.g. Census is 2021, ABS releases settle a quarter behind), so read them as a considered starting point, not live quotes.
Ask PropSignal AI about prices, yields and growth, or compare it with your shortlist. Free.
Indicative only; not financial or safety advice.