Melbourne Inner North Suburbs | Winter Market Insights

Melbourne’s inner north remains one of the city’s most sought-after investment destinations, combining strong capital growth with reliable rental performance. Its cultural vibrancy, established amenities and proximity to employment hubs continue to attract young professionals, downsizers and families.

House price growth has significantly outperformed broader metropolitan trends. Essendon North led the market with a 21.29 per cent increase, lifting its median house price to $1,470,000, while Airport West recorded growth of 12.44 per cent to reach $1,012,500.

Although higher interest rates have encouraged more selective buying behaviour, the inner north’s relative affordability compared with the inner east has helped maintain healthy transaction levels. Buyers are increasingly favouring low-maintenance townhouses and well-located apartments. This trend is evident in the unit market, where Kingsbury surged 16.82 per cent to a median price of $514,000, while Fawkner increased 16.6 per cent to $600,500.

The rental market remains highly competitive due to limited supply and steady population growth. Tight vacancy rates continue to provide residential rental providers with dependable income and minimal vacancy periods.

Brunswick East units deliver a strong rental yield of 6.61 per cent with a median rent of $526 per week. Lifestyle locations, including Moonee Ponds and Brunswick, follow with yields of 5.45 per cent and 5.43 per cent respectively, while Preston units offer a solid 5.10 per cent return.

Long-term prospects remain supported by major infrastructure investment, including level crossing removals and ongoing improvements to key commercial strips such as Sydney Road, helping reinforce the region’s enduring appeal.

For more updates please see our latest edition of our seasonal Investor Advantage magazine.

Disclaimer: The data in this report has been sourced from Proptrack. Capital Growth statistics are based on sales over the past 12 months from May 2025 to May 2026. We discounted suburbs that had less than 10 sales. Whilst we took every care in preparing this report, Barry Plant Group accepts no responsibility for any errors or omissions. Individuals are directed to rely on their own enquiries when making investment decisions.

The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.