Mortgage Broker North Melbourne
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North Melbourne is a vibrant and historic suburb located just 2 kilometers north-west of Melbourne’s Central Business District in Victoria, Australia. Known for its blend of old-world charm and modern urban living, North Melbourne offers a unique and diverse lifestyle close to the city center.
North Melbourne is characterized by its strong sense of community and cultural diversity. The suburb hosts a variety of community events and markets, fostering a welcoming and inclusive environment for residents and visitors alike.
North Melbourne’s housing market offers a mix of historical charm and modern convenience, attracting a diverse range of residents. The suburb features a variety of property types, including Victorian terraces, modern apartments, and townhouses.
Due to its proximity to the CBD and appealing lifestyle, North Melbourne is a desirable location for young professionals, families, and investors. The real estate market is competitive, with property prices reflecting its inner-city location and cultural amenities.
Last month North Melbourne had 231 properties available for rent and 156 properties for sale. Median property prices over the last year range from $1,292,500 for houses to $485,000 for units. If you are looking for an investment property, consider houses in North Melbourne rent out for $725 PW with an annual rental yield of 3.0% and units rent for $550 PW with a rental yield of 6.5%. North Melbourne has seen an annual compound growth rate of 8.6% for houses and -4.9% for units.
Overall, North Melbourne combines historical character with contemporary urban living, making it an attractive and dynamic suburb that appeals to a wide range of people seeking a balanced lifestyle near the heart of the city.
