North Melbourne

North Melbourne, located approximately 2 km northwest of Melbourne’s Central Business District, falls within the City of Melbourne. It is a dynamic and diverse suburb known for its rich history, vibrant community, and proximity to the city centre. According to the 2021 census, North Melbourne had a population of 15,953, showcasing its role as a bustling urban area.

Demographic Profile

• Population: 14,953 as of the 2021 census.
• Predominant Age Group: Attracts a wide range of residents, including young professionals, students, and families, largely due to its diverse amenities and proximity to universities.
• Median Household Income: Reflects a varied demographic, with income levels ranging widely due to the mix of students, professionals, and families.
• Occupancy: Features a mix of historic Victorian homes, modern apartments, and converted industrial spaces, with a relatively high proportion of renters.

Real Estate and Growth

• Median House Prices: The median house price in North Melbourne is around AUD 1,200,000, reflecting its desirability and urban locale.
• Median Unit Prices: Units and apartments in the area have a median price of approximately AUD 590,000.
• Rental Market: The median house rent is about AUD 550 per week, while apartments and units fetch around AUD 450 per week.
• Market Trends: The suburb experiences a dynamic real estate market, influenced by its urban setting, ongoing development, and demand from a diverse population.

Education and Lifestyle

• Schools: North Melbourne is home to several educational institutions catering to a broad educational spectrum, including North Melbourne Primary School and University High School.
• Local Vibe: Known for its eclectic mix of cafes, restaurants, and shops, especially in the Errol Street precinct, which serves as the suburb’s cultural and social hub.
• Community Insights: Residents enjoy a vibrant lifestyle with easy access to Melbourne’s city centre, parks, and recreational facilities, making it popular among those who value urban living.

Transportation

• Public Transport: Excellently connected by public transport, including multiple tram routes and the nearby North Melbourne railway station, providing convenient access to the CBD and surrounding areas.
• Accessibility: Its proximity to major thoroughfares and the city centre makes it an accessible choice for commuters and city-goers.

Notable Features

• Cultural Attractions: The suburb is rich in cultural heritage, with landmarks like the Meat Market Arts Centre and the historic Queen Victoria Market on its doorstep.
• Recreational Areas: Contains several green spaces, such as the Royal Park, providing residents with ample outdoor and recreational opportunities.

North Melbourne is a vibrant and diverse suburb that offers a unique blend of historical charm and modern urban living. Its proximity to the city and a strong sense of community and diverse housing options make it a highly sought-after location for many residents.