North Melbourne at a glance
18,200
People
$1,087,500
Median sale
$660/wk
Median rent
3.16%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
VIC › North Melbourne › Macaulay Rd
$1,400,000–$1,540,000
For sale
Asking range
3
Bedrooms
3
Bathrooms
2
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,400,000–$1,540,000
Asking range
No recorded sale for this property.
North Melbourne at a glance
18,200
People
$1,087,500
Median sale
$660/wk
Median rent
3.16%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs North Melbourne
+28.7%
Median sale
Suburb $1,087,500
-0.71 pp
Gross yield
Suburb 3.16%
Suburb median $1,087,500 from 16 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$84,080 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with North Melbourne's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $660/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
North Melbourne at a glance
18,200
People
$1,087,500
Median sale
$660/wk
Median rent
3.16%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RT Edgar BoroondaraExquisite City-Fringe Retreat: Penthouse luxury across two levels of chic style
Discover the epitome of city-fringe living in this stunning retreat located at 1509/188 Macaulay Road, North Melbourne. This luxurious apartment on the fifteenth floor boasts three bedrooms and three bathrooms, 4 powder rooms, with 2 master bedrooms being with ensuite. The large balcony is fitted with double sliding door for an indoor/outdoor living environment. Outside has magnificent CBD views that bathe the space in natural light.
Step into a world of elegance and privacy, where modern living meets resort-style amenities. The Arden Gardens complex offers residents the luxury of two cinema rooms, a rooftop garden, and a private function room, perfect for hosting gatherings or simply unwinding in style.
As you enter the apartment, you'll be captivated by the abundance of East light filtering through floor-to-ceiling, double-glazed windows. The open-plan layout with sleek Oak floorboards creates a seamless flow between the living and dining areas, extending to a spacious balcony for al fresco enjoyment. For the culinary enthusiast, the kitchen is a dream come true, featuring a stone-draped hostess island and top-of-the-line Miele appliances. Ample storage ensures clutter-free countertops, making entertaining a breeze. The accommodation level houses three well-appointed bedrooms, each offering walk-in robes for added convenience. Two of the bedrooms comes with an ensuite bathroom, adorned with elegant porcelain finishes. Both upper two bathrooms has double vanities, and one of the bathrooms with a comfortable bathtub. `
The apartment's location is unbeatable, with the Arden Gardens Shopping Centre right within the building, catering to all your shopping needs. Enjoy the vibrant atmosphere with nearby cafés and takeout options or take a leisurely stroll to Clayton Reserve or the North Melbourne Recreation Centre for relaxation and recreation. With Macaulay Station nearby, commuting is a breeze, and access to leading hospitals and educational institutions, such as University High School, further enhances the appeal of this city-fringe gem. Additionally, Errol Street's eclectic dining and nightlife scene awaits, and the CBD is just minutes away, providing an endless array of entertainment and cultural experiences.
Embrace a sophisticated and fulfilling lifestyle in this beautiful city-fringe retreat, where luxury, convenience, and breathtaking views come together seamlessly to create an unmatched living experience.
Listing description written by Jenny Zhang, RT Edgar Boroondara — reproduced as published, not verified by Districts.