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Suburb Insights ยท VIC 3070

Northcote 3070, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Northcote is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 25,276, making it a sizeable community. Located approximately 6 km from the Melbourne CBD, Northcote is a middle ring area in Victoria. The median household income is $118,924 AUD per year (ABS 2021 Census).

Investment Score

84 / 100 Strong

Strong household incomes in Northcote underpin solid property demand. Its proximity to the CBD adds a strong location premium.

Location

Map shows Northcote, Victoria, Australia.

Key Indicators

Postcode
3070

Official Australia Post postcode for Northcote. A postcode may cover multiple suburbs.

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Population
25,276

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$475/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$118,924/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
6 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
6

Estimated 6 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
10

Estimated 10 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,400/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
45% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Northcote's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $475/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,400/month. A median household income of $118,924/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Northcote's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Strong tenant demand in Northcote underpins consistent rental income and low vacancy risk.

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Renovation / Flip

Northcote's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Northcote property

Full Property Analysis

30-year projections for Northcote

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

Northcote enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Confidence in Northcote's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Northcote a good suburb for investment?

Northcote is a middle ring area in Victoria with a population of 25,276. The median rent is $475/week and the median household income is $118,924/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Northcote?

Key demand drivers in Northcote include established amenities and transport access. 45% of dwellings are separate houses. The area has approximately 6 schools and 10 parks nearby.

What is the population of Northcote?

According to the ABS 2021 Census, Northcote has a population of approximately 25,276. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Northcote from the Melbourne CBD?

Northcote is approximately 6 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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