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North Melbourne
Inner Melbourne · VIC · 3051 · City of Melbourne
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URBANOS SCORE
Our model54/100
Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors
→ Around Melbourne average·typical for established suburbs with stable fundamentals
KEY METRICS
Gross yield
5.28%
Median rent / wk
$525
1yr price growth
2.5%
Median unit price
$518k
Distance CBD
2.3km
Switch to to see all research-backed scores and full data.
Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.
INFRASTRUCTURE & GROWTH DRIVERS
Metro Tunnel: Arden Metro Tunnel station (completed 2025). Transforms North Melbourne into a major urban renewal precinct with direct CBD access.
Level crossing removal (complete): Arden Metro Tunnel station opened 2025; major urban renewal precinct.
Development Activity Monitor (City of Melbourne): 5 developments under construction, 39 approved.
Calculate your tax advantage in North Melbourne
Pre-filled with local yield and price data. Enter your salary to see your personal saving.
Active developments (31)
8-10 CURZON PLACE
Under construction~ Likely Eligible
$ – $
14 of 14 available
84-88 LEVESON STREET
Under construction~ Likely Eligible
$ – $
15 of 15 available
687-693 QUEENSBERRY STREET
Under construction~ Likely Eligible
$ – $
11 of 11 available
139-149 BOUNDARY ROAD
Under construction~ Likely Eligible
$ – $
271 of 271 available
77-83 SUTTON STREET
Under construction~ Likely Eligible
$ – $
214 of 214 available
68 CHAPMAN STREET
Under construction~ Likely Eligible
$ – $
19 of 19 available
143-149 ABBOTSFORD STREET
Off the plan~ Likely Eligible
$ – $
10 of 10 available
366-422 ABBOTSFORD STREET
Off the plan~ Likely Eligible
$ – $
206 of 206 available
65-75 RACECOURSE ROAD
Off the plan~ Likely Eligible
$ – $
96 of 96 available
218 - 246 MACAULAY ROAD
Off the plan~ Likely Eligible
$ – $
394 of 394 available
36-58 MACAULAY ROAD
Off the plan~ Likely Eligible
$ – $
207 of 207 available
114-116 HAINES STREET
Off the plan~ Likely Eligible
$ – $
26 of 26 available
87-105 RACECOURSE ROAD
Off the plan~ Likely Eligible
$ – $
72 of 72 available
116-120 PEEL STREET
Off the plan~ Likely Eligible
$ – $
32 of 32 available
9-101 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
170 of 170 available
260-274 ABBOTSFORD STREET
Off the plan~ Likely Eligible
$ – $
12 of 12 available
68-102 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
248 of 248 available
103-117 BOUNDARY ROAD
Off the plan~ Likely Eligible
$ – $
150 of 150 available
9-11 RACECOURSE ROAD
Off the plan~ Likely Eligible
$ – $
20 of 20 available
103-117 BOUNDARY ROAD
Off the plan~ Likely Eligible
$ – $
150 of 150 available
9-101 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
170 of 170 available
116-120 PEEL STREET
Off the plan~ Likely Eligible
$ – $
32 of 32 available
68-102 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
248 of 248 available
260-274 ABBOTSFORD STREET
Off the plan~ Likely Eligible
$ – $
12 of 12 available
9-11 RACECOURSE ROAD
Off the plan~ Likely Eligible
$ – $
20 of 20 available
116-120 PEEL STREET
Off the plan~ Likely Eligible
$ – $
32 of 32 available
68-102 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
248 of 248 available
103-117 BOUNDARY ROAD
Off the plan~ Likely Eligible
$ – $
150 of 150 available
9-101 ALFRED STREET
Off the plan~ Likely Eligible
$ – $
170 of 170 available
260-274 ABBOTSFORD STREET
Off the plan~ Likely Eligible
$ – $
12 of 12 available
9-11 RACECOURSE ROAD
Off the plan~ Likely Eligible
$ – $
20 of 20 available