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Carlton

POSTAL CODE: VIC, 3053
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.46% growth over a ten-year period. It ranks 1630th on our list of suburbs that property investors should look into.

CARLTON, 3053 has a capital gain of -1.38% for the past year, which is lower than average compared to its -3.73% growth within a five-year period.

With the median home price in CARLTON sitting at $1,355,000, and the average rent at $795, property owners could potentially earn a 3.05% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CARLTON are low, as opposed to average gains per annum over the past five years.

CARLTON, 3053 in VIC belongs to the local government area of Melbourne.

Surburb overview

Carlton, located approximately 3 kilometres north of Melbourne's Central Business District (CBD), is an inner-city suburb renowned for its rich cultural heritage, vibrant dining scene, and historical architecture. According to the 2021 census, Carlton has a population of 16,055 residents.

Carlton is a diverse suburb. 55% of residents were born overseas, and 48% spoke a language other than English at home. The predominant age group is 20-29, reflecting the suburb's appeal to young adults and students.

The suburb offers various housing options, including Victorian-era terraces and modern apartments. As of recent data, the median property price for a house is approximately $1,425,000, with an annual capital growth of 5.63%. Rental yields for houses are currently around 3.07%, with an average median rent of $650 per week.

Carlton is well-served by public transportation. Multiple tram lines run through the suburb, providing easy access to the CBD and surrounding areas. Additionally, its proximity to major roads facilitates convenient commutes.

The suburb is home to several educational institutions, including the University of Melbourne and RMIT University, attracting a significant student population.

Carlton boasts a vibrant community with numerous cafes, restaurants, and boutique shops, particularly along Lygon Street, known as Melbourne's "Little Italy." Cultural attractions include the Melbourne Museum and the Royal Exhibition Building, located within the heritage-listed Carlton Gardens. The suburb's parks and green spaces provide residents ample outdoor and recreational opportunities. 

Carlton offers a unique blend of historic charm and modern urban living, making it a highly sought-after location for many residents. 

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