Mortgage Choice
Jennifer Geuna

Mortgage Broker North Melbourne

 

Book your free, no obligation appointment with your local expert broker.

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.

Find out how much you can borrow by contacting Jennifer Geuna at Mortgage Choice on 0493 432 948 or book an appointment directly below.


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