Flemington vs North Melbourne.
Comparing two suburbs with median house prices of $1,165,500 and $1,326,000. Flemington edges out on more headline metrics in this comparison.
Flemington (median $1,165,500) is roughly 12% cheaper to buy into than North Melbourne ($1,326,000).
On school quality, the average ICSEA across schools serving Flemington (1094) sits above North Melbourne (1053).
For buyers
Flemington is the lower entry point at $1,165,500 median, 12% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Flemington offers the higher gross rental yield (3.39% vs 3.35%), favouring cash-flow investors.
For families
Flemington edges out on average school ICSEA (1094 vs 1053).
Common questions
Is Flemington or North Melbourne cheaper to buy in?
Flemington has the lower median house price at $1,165,500, roughly 12% below North Melbourne ($1,326,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Flemington or North Melbourne have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Flemington scores 1094 vs 1053 in North Melbourne. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Flemington or North Melbourne?
Gross rental yield on houses is 3.39% in Flemington vs 3.35% in North Melbourne. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Flemington against another suburb