Home / Suburb data / North Melbourne (VIC)
| Type | 1-bed | 2-bed | 3-bed | 4+ bed | All |
|---|---|---|---|---|---|
| House | — | $650/wk (59 bonds) | $853/wk (62 bonds) | $1080/wk (22 bonds) | — |
| Unit | $525/wk (1239 bonds) | $660/wk (1239 bonds) | $882/wk (160 bonds) | — | — |
Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.
Gross yield around 3.3% is thin — projects in North Melbourne lean on end values, not rent. Sell-down schemes (subdivide-and-sell, build-and-sell) fit the profile better than holds financed on rental income. Median growth of +11.4% year-on-year on 19 sales reads as steady rather than speculative — a reasonable backdrop for a scheme that still has to work at today's end values. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.
This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.
State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub
Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.
Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.