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Carlton
AREA REPORTS

Carlton

Carlton - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3053

house
unit

Property investors enjoyed capital gains of 6.01% over the last 12 months in CARLTON, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.66% growth over a ten-year period. It ranks 1617th on our list of suburbs that property investors should look into.

CARLTON, 3053 has a capital gain of 6.01% for the past year, which is lower than average compared to its 42.38% growth within a five-year period.

With the median home price in CARLTON sitting at $1,500,000, and the average rent at $650, property owners could potentially earn a 2.25% 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 (C).

Data report can be found below

Carlton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,500,000 $510,000
GROWTH REPORT
Median Quarterly 0.84% -0.39%
Median 12 month 6.01% 43.16%
Median 3 years 17.65% 30.43%
Median 5 years 42.38% 2%
10 years average annual 6.66% 3.59%
Weekly media advert. rent $650 $340
Time on Market 67.6 days 90.1 days
Gross Rental Yield Percent 2.25% 3.47%
demographics (median values)*
Total Population
18535
Weekly Household Income
572
Household Size
1.90
Age
24
Monthly Loan Repayment
1894
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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