Flemington vs North Melbourne
Flemington (median $1,165,500) is roughly 12% cheaper to buy into than North Melbourne ($1,326,000).
Buying in Flemington or North Melbourne?
Selling in Flemington? The free selling guide
Flemington and North Melbourne side by side
| Measure | Flemington | North Melbourne |
|---|---|---|
| Price and market | ||
| Median house | $1,165,500 | $1,326,000 |
| Median unit | $470,000 | $517,500 |
| Renting | ||
| House rent | $760/wk | $853/wk |
| Unit rent | $560/wk | $660/wk |
| Owner occupied | 37.0% | 33.0% |
| Renter occupied | 61.0% | 64.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1094 | 1053 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 30 | 80 |
| Bike score | 100 | 100 |
| Population | 7,025 | 14,953 |
| Median age | 34 | 31 |
| Climate | ||
| Annual rainfall | 582 mm | 582 mm |
| Mean max, January | 26.9°C | 26.9°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
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).
Flemington vs North Melbourne: 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.
Keep comparing
The two suburbs
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