North Melbourne vs West Melbourne

North Melbourne (median $1,326,000) is roughly 7% cheaper to buy into than West Melbourne ($1,430,000).

Buying in North Melbourne or West Melbourne?

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North Melbourne and West Melbourne side by side

MeasureNorth MelbourneWest Melbourne
Price and market
Median house$1,326,000$1,430,000
Median unit$517,500$515,000
Renting
House rent$853/wk$853/wk
Unit rent$660/wk$660/wk
Owner occupied33.0%32.0%
Renter occupied64.0%65.0%
Schools
Schools nearby2020
Average ICSEA10531064
Lifestyle and people
Walk score1004
Transit score800
Bike score100100
Population14,9538,025
Median age3131
Climate
Annual rainfall582 mm582 mm
Mean max, January26.9°C26.9°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

North Melbourne scores higher on walkability (100/100 vs 4/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving West Melbourne (1064) sits above North Melbourne (1053).

For buyers
North Melbourne is the lower entry point at $1,326,000 median, 7% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
North Melbourne offers the higher gross rental yield (3.35% vs 3.10%), favouring cash-flow investors.
For families
West Melbourne edges out on average school ICSEA (1064 vs 1053).

North Melbourne vs West Melbourne: common questions

Is North Melbourne or West Melbourne cheaper to buy in?

North Melbourne has the lower median house price at $1,326,000, roughly 7% below West Melbourne ($1,430,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does North Melbourne or West Melbourne have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), West Melbourne scores 1064 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 is more walkable, North Melbourne or West Melbourne?

North Melbourne scores 100/100 on walkability vs 4/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, North Melbourne or West Melbourne?

Gross rental yield on houses is 3.35% in North Melbourne vs 3.10% in West 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.