Northcote

Northcote, situated about 6 km northeast of Melbourne’s Central Business District, falls within the City of Darebin. This suburb is known for its vibrant arts scene, diverse community, and a blend of historic charm and contemporary living.

Demographic Profile

• Population: Northcote is home to a diverse population, including families, young professionals, and artists. According to the 2021 census, the population of Northcote was 25,276.
• Predominant Age Group: Popular among the 20-39 age group, reflecting its appeal to younger professionals and artists.
• Median Household Income: Generally aligns with or slightly above the Melbourne metropolitan average.
• Occupancy: A mix of homeownership and rentals, with many single households and young families.

Real Estate and Growth

• Median House Prices: The median house price in Northcote is around AUD 1,400,000.
• Median Unit Prices: The median price for apartments and townhouses is approximately AUD 600,000.
• Rental Market: The median rent for houses is about AUD 650 per week, and for units, it’s around AUD 400 per week.
• Market Trends: Northcote has experienced robust growth in property values, driven by its popularity among young professionals and its thriving arts and cafe culture.

Education and Lifestyle

• Schools: Northcote includes several well-regarded schools, such as Northcote High School and Northcote Primary School.
• Local Vibe: Known for its artistic and bohemian atmosphere, Northcote is a hub for live music, independent art, and cafe culture.
• Community Insights: The suburb is celebrated for its eclectic mix of old and new, with Victorian and Edwardian homes alongside modern developments. Its High Street is a bustling strip of bars, cafes, and unique shops.

Transportation

• Public Transport: Excellent public transport options with Northcote Train Station and multiple tram and bus routes.
• Accessibility: Well-connected to major thoroughfares, making travel to and from the city straightforward.

Notable Features

• Cultural Hotspots: The suburb is rich in cultural venues, including the Northcote Social Club, a popular live music venue.
• Green Spaces: Offers several parks and reserves, including All Nations Park, a large urban park in the heart of Northcote.

Northcote is a dynamic and culturally rich suburb, ideal for those who appreciate a blend of historic charm and modern urban living. Its thriving arts scene, diverse community, and proximity to the city centre make it a highly attractive location for many residents.