A boutique real estate agency established by trusted, qualified professionals committed to your long-term success.
VOGUE PROPERTY MANAGEMENT & ADVOCACY
Property Management North Melbourne
North Melbourne is one of Melbourne’s most sought-after inner-city suburbs, known for its mix of heritage homes, modern developments, and village-style atmosphere. Just a few kilometres from the CBD, the area offers excellent public transport, green spaces like Royal Park, and close access to the University of Melbourne and major hospitals. This combination continues to attract a steady stream of renters, including students, healthcare professionals, and young families, keeping rental demand strong year-round.
As investor interest grows and rental yields rise, so too does the complexity of managing property in North Melbourne. With tighter tenancy regulations and shifting market conditions, landlords can no longer afford a passive approach. Staying ahead requires strategy, quick decision-making, and a clear understanding of the local rental landscape, something best achieved with experienced property management service.
Premium Property Management in North Melbourne, 3051
Vogue Property Management offers a boutique, hands-on service tailored to North Melbourne’s unique rental landscape. We go beyond basic property management, providing proactive support through tenant screening, rent reviews, maintenance coordination, and detailed reporting. Our team understands the local market, the suburb’s tenant profile, and what it takes to keep your investment performing. Whether you’re renting out a renovated terrace or a new-build apartment, we manage your property with care, insight, and a clear focus on long-term value.
With VOGUE by your side, you get more than peace of mind, you get performance.
Why Landlords Trust VOGUE with Their North Melbourne Properties
When it comes to managing your investment property in the growing North Melbourne property market, it pays to partner with a team that brings more than just experience. You need a property manager who brings a personal touch, local insight, and an unwavering commitment to protecting your investment.
That’s what sets VOGUE Property Management apart. Unlike generic, franchise-run agencies, VOGUE is a boutique agency that takes pride in delivering professional property services specifically tailored for North Melbourne’s unique rental domain. Below, we break down the key reasons landlords continue to choose Vogue.
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Unlocking the Full Earning Potential of Your Investment
A carefully planned and executed strategy ensures that you get the best return on your investment property. Maximising rental returns in North Melbourne requires more than setting a price and waiting. At VOGUE Property Management, we start with detailed market analysis to price your property accurately, high enough to reflect its value, but competitive enough to attract quality tenants. We back this with professional marketing that highlights your property’s strengths and reaches the right audience. Once leased, we regularly review rent and market conditions to ensure your returns stay strong and vacancies remain low.
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Personalised Property Management in North Melbourne
As a boutique agency, we take the time to understand your goals, your property, and your expectations. Each client is paired with a dedicated property manager who knows North Melbourne intimately and treats every property with care as if it were their own. You’re never passed around a call centre or left chasing updates. Instead, you enjoy a direct line to someone who’s invested in your success. It’s this one-on-one attention that makes landlords feel confident, respected, and truly heard.
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Thorough Screening for Tenants You Can Trust
Finding the right tenant is key to a successful investment, and Vogue takes that responsibility seriously. Every applicant is thoroughly screened with checks on rental history, employment, income, and references to ensure reliability and long-term stability. Beyond the basics, we focus on matching tenants to your property and expectations, selecting people who fit both the space and your preferences. Whether it’s a professional renting a city apartment or a family moving into a heritage home, this personalised approach helps reduce arrears, complaints, and turnover, giving you peace of mind and steady rental income.
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Hands-On Property Care
At VOGUE Property Management, we focus on preventing issues before they become costly problems. Regular inspections allow us to catch early signs of wear and tear, whether it's water damage, appliance faults, or safety compliance, so small issues are handled quickly. We work with a reliable network of qualified trades people to ensure maintenance is completed efficiently and to a high standard. This proactive approach keeps your property in top condition, reduces unexpected expenses, and helps retain happy tenants, leading to longer leases and more consistent returns.
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Transparent Reporting for Property Owners
One of the biggest frustrations for landlords is being left in the dark. That’s why VOGUE Property Management prioritises clear, timely communication at every stage. From listing to lease and beyond, you’ll receive regular updates on inspections, tenancy progress, maintenance, and rental performance, no chasing required. Monthly financial reports are simple and transparent, giving you a clear view of income and expenses. And whenever you need support, your dedicated property manager is just a call or email away, ready to respond quickly and clearly.
What Makes North Melbourne a Hotspot for Property Investors
Just minutes from Melbourne’s bustling CBD, North Melbourne, 3051 is more than a prime location. It’s a lifestyle hub that continues to draw renters and investors alike.
With its blend of historic terrace houses, modern apartment living, and vibrant community life, the suburb strikes the perfect balance between charm and convenience. Add to that excellent public transport links, proximity to top universities, leafy parks, and a thriving food scene, and it’s easy to see why demand in the area remains consistently strong. For property owners, this means a steady stream of quality tenants and reliable rental income.
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North Melbourne Demographics
With a population of around 15,000, North Melbourne attracts a predominantly younger demographic, particularly those aged 20–29, with many working in healthcare, education, and professional services. The median age is 28, and most households consist of professionals or childless couples. With approximately 55–62% of dwellings rented, the area has a strong and consistent demand for quality rental housing, particularly from students, young professionals, and city workers.
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Median House and Unit Prices in North Melbourne
North Melbourne offers a wide range of property types for investors, from heritage terrace homes to modern apartments. House prices typically range from $1.05 million to $1.33 million, with 2-bedroom terraces averaging around $950,000 and 3-bedroom homes reaching closer to $1.39 million, depending on condition and location. Units are more affordable, with one-bedrooms priced between $346,000 and $470,000, and two-bedrooms between $550,000 and $600,000, providing accessible entry points for investors and first-time buyers.
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Rental Yields
Rental yields in North Melbourne remain strong, especially for units, which typically return 5.8% to 7.2%, with median weekly rents between $550 and $630. Houses offer more conservative but stable yields of 3.0% to 3.4%, with weekly rents ranging from $680 to $780. Units appeal to short-term renters such as students and singles, while houses attract longer-term tenants like families and professionals, giving landlords the option to balance income with long-term growth potential.
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Days on Market
Properties in North Melbourne are in steady demand, with units taking around 32 to 39 days to sell and houses moving in roughly 33 to 42 days. This relatively fast turnover reflects a healthy, competitive market driven by strong buyer and tenant interest. For landlords, it means shorter vacancy periods and more consistent occupancy, especially for well-maintained properties positioned close to transport, amenities, or schools.
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Vacancy Rates
Vacancy rates in North Melbourne are low, sitting between 1.8% and 2.5%, which keeps rental properties in high demand. For landlords, this means faster leasing, less downtime, and a better chance of achieving premium rental returns. Fewer available rentals also allow for greater selectivity in tenant choice and stronger lease terms. Vogue Property Management supports landlords during lease negotiations to secure longer tenancy durations, favourable terms, and regular rent increases where appropriate.
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Growth Trends in North Melbourne Property Market
House prices in North Melbourne have seen annual growth of around 4.6% to 5.9%, reflecting the area’s appeal to owner-occupiers and high-income renters seeking spacious, character-rich homes. In contrast, unit prices have softened, dropping between 6% and 9% over the past year. While this may concern some investors, it presents a buying opportunity, especially as yields remain strong and demand for rental units stays high. With the right strategy, investors can still achieve strong cash flow while positioning for future capital growth.
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Local Amenities
North Melbourne offers an ideal mix of lifestyle, education, and transport options that consistently attract reliable tenants. Residents benefit from easy access to major universities, quality schools, tram and train services, and green spaces like Royal Park. The suburb is also home to a vibrant café culture, restaurants, and proximity to Melbourne’s CBD and the Queen Victoria Market. This strong amenity offering continues to support rental demand and make the area a standout choice for property investors.
Take the First Step Toward Smarter Property Management
Take the guesswork out of property management. VOGUE Property Management experts in North Melbourne are ready to provide you with a free, no-obligation rental appraisal tailored specifically to your property. Whether you’re considering switching agents or just curious about your rental potential, we’ll give you clear, data-backed insights.
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Find Out What Your Property Is Really Worth in Today’s Rental Market
Curious about your property's rental value in North Melbourne? Fill out the form below, and we’ll review your home, advise on market positioning, and share a strategic plan to help you attract reliable tenants and boost your rental yield.
CONTACT US
Find out what your property is really worth in today's rental market
Curious about your property’s rental value in North Melbourne? Fill out the form below, and we’ll review your home, advise on market positioning, and share a strategic plan to help you attract reliable tenants and boost your rental yield.
Our team will be in touch within one business day to schedule your consultation.
Contact Our North Melbourne Property Management Experts
Have questions or ready to take the next step? Reach out directly to our local property manager who specialises in the North Melbourne area.
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Contact Our North Melbourne Property Management Experts
Have questions or ready to take the next step? Reach out directly to our local property manager who specialises in the North Melbourne area.
Emma Carletti
Director & Principal Property Manager
Chelsea West
Property Manager
Arienne Marie
Head of Accounts & Compliance
FAQs about Property Management in North Melbourne
What does a property manager in North Melbourne actually do?
A property manager in North Melbourne handles the end-to-end management of your investment property. This includes advertising your rental, conducting open homes, screening and selecting tenants, organising lease agreements, coordinating maintenance, collecting rent, and ensuring compliance with Victoria’s Residential Tenancies Act. With North Melbourne’s active rental market and diverse tenant base, having a professional like Vogue Property Management handle these tasks ensures your property remains competitive, compliant, and profitable.
How do I choose the best property manager in North Melbourne?
As a landlord, it’s vital to select a property manager with local expertise, proven results, and a personal, communicative approach. Look for a boutique agency like Vogue Property Management, who know the nuances of the North Melbourne rental market, understand local tenant demographics, and can tailor their service to your property’s specific needs. Reviews, response times, and transparency in their fee structure are also key indicators of a high-quality manager.
How much do property managers charge in North Melbourne?
In North Melbourne, property managers typically charge the following:
Ongoing Management Fee: It is charged monthly as a percentage of weekly rent. It ranges from 5 to 8 % (plus GST), covering rent collection, inspections, tenant communication, arrears handling, and compliance. Some boutique agencies offer fixed monthly fees covering the same comprehensive services.- Leasing / Letting Fee: This is a one-off fee, which is usually around 1–2 weeks’ rent + GST.
- Lease Renewal Fee: It is charged when renewing a tenancy, typically 0.5‑1 weeks’ rent.
- Maintenance Mark-Up: Agencies may charge 2–10 % above actual repair costs to coordinate trades and manage upkeep
At VOGUE Property Management, we ensure that there are no hidden mark-ups; maintenance coordination is done with landlord approval. You’ll receive clear cost breakdowns before any expense is incurred.