Real Estate Northcote Vic 3070

Northcote: Creative and vibrant, Diverse and multicultural, Strong sense of community, Friendly and welcoming

Housing Market in Northcote

Key Northcote Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$799	Top 12%	182% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Northcote

Northcote Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Northcote

27.1%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	307	Top 12%	81% to Jun 2025
Developments	1.2	Bottom 34%	Data for Jul 2023
Housing Stock Quality Indicator	93.0	Top 2%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	4 lots	Bottom 48%	81% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	81	Top 1%	1520% to Mar 2025

Housing Stock Quality in Northcote

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	49.5%	Bottom 4%	16% to Jan 2021
Average bedrooms - all homes	2.3	Bottom 34%	4% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Northcote

Northcote Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Northcote

56.9%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	7.0 sq km	Bottom 48%	Data for Jan 2021
Heritage overlay total area	2.2 sq km	Top 6%	Data for Jun 2023
Residential density	217 sqm per resident	Bottom 4%	Data for Jan 2021

Risk in Northcote

Northcote Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Northcote

49.3

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	71.6%	Bottom 7%	Data for May 2023
% Rentals	28.4%	Top 7%	Data for May 2023
Housing Affordability Index	54	Top 10%	Data for Jun 2023
Median monthly mortgage	$2,210	Top 34%	8% to May 2023
Rent Affordability Index (Houses)	79	Top 48%	Data for Jun 2023
Rent Affordability Index (Units)	81	Top 19%	Data for Jun 2023
Mortgage as a percent of income	24.1%	Top 39%	9% to Jan 2021
Mortgaged Dwellings	33.3%	Bottom 35%	9% to May 2023

Housing Demand in Northcote

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Northcote

82.1%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	18100	Top 25%	19% to Dec 2036
Historical Population (SA3)	55400	Bottom 39%	20% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	200000	Top 7%	57% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Northcote

Northcote Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$528	Top 38%	157% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	42.8%	Bottom 7%	23% to Mar 2025

Realtors (14)

Headline	Place	Datetime
Hockingstuart Northcote	64 High St
Adio Properties	84 Herbert St
Barry Plant Inner North Group	476-478 High St
Biggin & Scott Northcote	400 High St
Collings Real Estate	2/405 High St

Accommodation Options (7)

Median House Rental Prices by Street (83)

Level_0	Street	Date	Median rent (per week)
120525	Gladstone Ave	30 Mar 2025	$777
120494	French Ave	30 Mar 2025	$840
120497	Gadd St	30 Mar 2025	$700
120337	Dennis St	30 Mar 2025	$695
120341	Derby St	30 Mar 2025	$1,300

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$440,000	Victoria Rd
10 May 2024	$600,000	Union St
10 May 2024	$370,000	Merri Pde
10 May 2024	$615,000	Mitchell St
10 May 2024	$445,000	Wilmoth St

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
45.9%	Barry St	very tightly held	Every 21.8 years (very tightly held)	2025
88.4%	Cunningham St	high turnover	Every 11.3 years (high turnover)	2025
50.0%	Burt St	very tightly held	Every 20.0 years (very tightly held)	2025
50.0%	Hillside Ave	very tightly held	Every 20.0 years (very tightly held)	2025
54.8%	Ross St	quite tightly held	Every 18.3 years (quite tightly held)	2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Darebin

Percent of Renters by Street (100)

Percent of Renters	Street
63.8%	Aberdeen Gr
49.2%	Albert St
30.6%	Alphington St
45.5%	Andrew St
40.2%	Arthurton Rd

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Jeffrey St	06 Oct 2023	$1,050,000
Woolhouse St	10 May 2024	$1,206,000
Zoe Cct	10 May 2024	$1,626,000
Whalley St	10 May 2024	$2,888,000
Westgarth St	10 May 2024	$1,340,000

Businesses (94)

Name	Address
Kincaid Constructions	90 Herbert St, Northcote VIC 3070, Australia
Your Crew Pty Ltd	1 Bastings St, Northcote VIC 3070, Australia
Tandora Constructions Pty Ltd
Space Form Builders	11 Ryan St, Northcote VIC 3070, Australia
Appliance Mobile Taggers PTY Ltd.	64 Derby St, Northcote VIC 3070, Australia

Planning Applications: Other (29)

Headline	Place	Date
Removal of Carriage Way Easement from TP337394H plan, the land contained within Vol.8061 Fol.123 / TP337394H (Lot 1). - Streamlined Planning through Electronic Applications and Referrals S243825T	58 Christmas Street, Northcote VIC 3070	14 Feb 2025
Replacement and refurbishment of wall and roof cladding and external architectural features. - Darebin City Council D/40/2025	82 Westgarth Street Northcote VIC 3070	01 Feb 2025
Use of the land for accommodation (dwellings) and a place of assembly * Use of the land to sell liquor * To construct a building and construct or carry out works * To reduce the standard car parking requirement - Darebin City Council D/474/2020/A	Building 25 Separation Street Northcote VIC 3070	30 Jan 2025
Proposed garage to an existing dwelling within a heritage overlay as shown on the plans accompanying the application - Darebin City Council D/697/2024	89 Gladstone Avenue Northcote VIC 3070	21 Dec 2024
Removal of Easement as shown on the plans accompanying the application - Darebin City Council D/692/2024	58 James Street Northcote VIC 3070	20 Dec 2024

Planning Applications: Dwellings (71)

Headline	Place	Date
Use of the land for accommodation (dwellings) and a place of assembly * Use of the land to sell liquor * To construct a building and construct or carry out works * To reduce the standard car parking requirement - Darebin City Council D/474/2020/A	Building 25 Separation Street Northcote VIC 3070	30 Jan 2025
Construction of five (5) double storey dwellings with basement car parking - Darebin City Council D/677/2021/A	172 Bastings Street Northcote VIC 3070	23 Jan 2025
Subdivision of an existing building into residential lots, together with car parks and storage - Streamlined Planning through Electronic Applications and Referrals S242568S	11 High Street Close, Northcote VIC 3070	17 Jan 2025
Partial demolition and ground floor extension of the existing dwelling within a lot less than 300sqm as shown on the plans accompanying the application. - Darebin City Council D/9/2025	22 Vauxhall Road Northcote VIC 3070	16 Jan 2025
Alterations and additions to a single dwelling on land less than 300 square metres, in accordance with the endorsed plans. - Darebin City Council D/423/2024/A	6 Salisbury Grove Northcote VIC 3070	12 Jan 2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 8, 177-179 Westgarth St	$862,000	2.0	1.0	1.0	22 Mar 2025	On Market
18 Gladstone Ave	$1,280,000	2.0	1.0	0.0	22 Mar 2025	On Market
Unit 1, 11 Simpson St	Price Withheld	3.0	2.0	2.0	22 Mar 2025	On Market
26 Hayes St	$1,730,000	3.0	1.0	0.0	22 Mar 2025	On Market
26 Leonard St	Price Withheld	3.0	1.0	1.0	22 Mar 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 14, 133 Clarke St	$400	1.0	1.0	1.0	27 Mar 2025
Unit 14, 133 Clarke St	$400	1.0	1.0	1.0	27 Mar 2025
Unit 14, 133 Clarke St	$400	1.0	1.0	1.0	27 Mar 2025
Unit 120, 26 Merri Pde	$420	1.0	1.0	0.0	25 Mar 2025
Unit 7, 125 Separation St	$410	1.0	1.0	1.0	20 Mar 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
166 Beavers Rd	$850	3	2	1	27 Mar 2025
84a South Cr	$7,503,259	2	1	1	25 Mar 2025
61b Gadd St	$870	3	3	1	25 Mar 2025
84a South Cr	$7,503,259	2	1	1	25 Mar 2025
84a South Cr	$7,503,259	2	1	1	25 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 9, 412 High St	$750,000	2.0	2.0	1.0	27 Mar 2025	On Market
Unit 9, 412 High St	$750,000	2.0	2.0	1.0	27 Mar 2025	On Market
Unit 9, 412 High St	$750,000	2.0	2.0	1.0	27 Mar 2025	On Market
Unit 10, 52 Westgarth St	$965,000	3.0	2.0	1.0	22 Mar 2025	On Market
Unit 10, 52 Westgarth St	$965,000	3.0	2.0	1.0	22 Mar 2025	On Market