Get a property report and suburb profile for any property in Noble Park North

Noble Park North is a mainly residential pocket in Melbourne's south-east with established streets and a mix of modest post-war and mid-century brick and weatherboard homes alongside pockets of more recent townhouse infill. It has a practical, settled feel with local parks and sporting reserves, neighbourhood convenience shopping and easy access to the larger Noble Park retail precinct. Public transport options include nearby Noble Park station on the Pakenham and Cranbourne lines and a network of bus routes, while major arterial roads and shared-path corridors such as the Dandenong Creek and EastLink trails make walking and cycling accessible.

With a population of 7,436 and a median age of 40, the suburb is weighted towards couples and families, and around three in four homes are owner-occupied while about 27% are rented. Silverton Primary School has been upgraded with a permanent library, a new accessible entrance and refurbished facilities. Whether Noble Park North suits you depends on what you want; it leans towards settled households and offers parks, trails and transport close at hand.

In Noble Park North, housing costs sit notably above what local households recorded at the last Census. The median house price of $772,500 is about 10.2 times a typical local household's annual income at the last Census. Rents run to $580 a week for houses and $450 a week for units, which work out to roughly 39.9% and 31.0% of a typical local household's weekly income at the last Census respectively, so renting a house takes a larger share of income than renting a unit.

On these figures, buying sits well above local incomes at the last Census, while renting would take a sizeable share of a typical local household's income; which of those matters more depends on whether you plan to buy or rent and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Noble Park North, median house values rose 5.1% and house rents increased 5.5%, both solid, comparable gains. The house value change points to capital growth over the year, while the rent figure is the one that relates to rental income. Unit rents fell 10.0%, a sharp decline on the unit side of the market.

Which of those movements matters to you depends on your investment goals and personal circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.