306/39 Racecourse Rd · North Melbourne VIC 3051

North Melbourne suburb intelligence · all Melbourne suburbs

North Melbourne suburb ← Back to board

The Property Brief — what the evidence shows. You draw the conclusion.

CONSERVATIVE
$628k
the calibrated floor
LIKELY FAIR RANGE
$628k–$779k
around $703k mid
STRETCH CAP
$779k
$824k on the wider 80% band

Confidence: Medium — based on 81 comparable auction sales (31 of this exact configuration) · model runs ±11% for this configuration · the model's typical miss is ~11% against published results — every hit and miss

Comparable auction sales

AddressConfigSoldWhen
6/8 Falshaws La2 bd · 2 ba$1.06MJuly 2025
5/1a Canning St2 bd · 2 ba$690kJune 2025
D1-1/130 Arden St2 bd · 1 ba$750kMay 2025
9/369 Abbotsford St2 bd · 1 ba$693kMar 2025
1/80 O'shanassy St2 bd · 1 ba$490kNov 2024
8/18 Tyrone St2 bd · 1 ba$699kOct 2024
Where every number comes from
  • Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for North Melbourne — suburb × configuration matches, not hyper-matched to this address

Growth trend — North Melbourne units at auction

Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):

2023Q4 $674k (8) · 2024Q2 $654k (6) · 2024Q3 $805k (3) · 2025Q1 $693k (3)

Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.

Published auction results at this address

Auction weekResultPriceAgency
15 Aug 2026Sold priorwithheldJellis Craig - Brunswick

From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.

Want the numbers agents don't volunteer?

Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.

Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.