Thinking about buying in North Melbourne? Now could not be a better time, with 19426 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $990,000 with prices in this suburb ranging from $57,000 to $13,890,000. North Melbourne is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

North Melbourne Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in North Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in North Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in North Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in North Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale North Melbourne

	UNIT 101, 188 PEEL ST, NORTH MELBOURNE, VIC, 3051	4	2		$1,980,000 - $2,170,000
	UNIT 16, 1-9 VILLIERS ST, NORTH MELBOURNE, VIC, 3051	2	2	2	$800,000 - $850,000
	SUITE 1, 508-512 QUEENSBERRY ST, NORTH MELBOURNE, VIC, 3051	4	1		$1,650,000
	UNIT 19, 171 FLEMINGTON RD, NORTH MELBOURNE, VIC, 3051	1	1	1	$244,500
	UNIT 306, 22 COURTNEY ST, NORTH MELBOURNE, VIC, 3051	2	2	2	$900,000 - $950,000
	UNIT 56, 171 FLEMINGTON RD, NORTH MELBOURNE, VIC, 3051	1	1	1	$350,000 - $380,000
	BAILLY HOUSE, 68-72 CHAPMAN ST, NORTH MELBOURNE, VIC, 3051	3	3	2	$2,000,000 - $2,200,000
	UNIT 26, 171 FLEMINGTON RD, NORTH MELBOURNE, VIC, 3051	1	1	1	$350,000 - $380,000
	UNIT 501, 83 FLEMINGTON RD, NORTH MELBOURNE, VIC, 3051	1	1		$355,000
	UNIT 16, 22-26 HOWARD ST, NORTH MELBOURNE, VIC, 3051	2	1	1	$615,000
	UNIT 35, 101 LEVESON ST, NORTH MELBOURNE, VIC, 3051	1	1	1	$468,000
	680-684 QUEENSBERRY ST, NORTH MELBOURNE, VIC, 3051	3	2	1	Contact agent
	UNIT 1509, 188 MACAULAY RD, NORTH MELBOURNE, VIC, 3051	3	3	2	$1,350,000 to $1,430,000
	UNIT 807, 33 RACECOURSE RD, NORTH MELBOURNE, VIC, 3051	2	2	1	For Sale $485,000
	3 BICKFORD LANE, NORTH MELBOURNE, VIC, 3051	3	3	2	Auction $700,000 - $750,000
	75 LEVESON ST, NORTH MELBOURNE, VIC, 3051	3	1	1	Auction $1,700,000 - $1,800,000
	FLAT 1, 449 ABBOTSFORD ST, NORTH MELBOURNE, VIC, 3051	2	1	1	Private Sale $2,400,000
	UNIT 107, 108 HAINES ST, NORTH MELBOURNE, VIC, 3051	3	2	3	$620pw / $2694pcm
	114-116 HAINES ST, NORTH MELBOURNE, VIC, 3051	2	1	1	4500000
	UNIT 316, 108 HAINES ST, NORTH MELBOURNE, VIC, 3051	1	1	1	415000
	13 MARY ST, NORTH MELBOURNE, VIC, 3051	5	2	6	$939,000
	5 CHETWYND PL, NORTH MELBOURNE, VIC, 3051	3	2	2	$1,775,000
	UNIT 606, 111 CANNING ST, NORTH MELBOURNE, VIC, 3051	2	1	2	Contact agent for details

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