Carlton North

POSTAL CODE: VIC, 3054
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -3.17% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,597,750

The augmented property values in the suburb are trailing behind the territorial average of 4.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $850.

Home owners selling their properties and realtors in CARLTON NORTH usually have to wait an average of 71.5 days days before their assets are lifted off the market.

The VIC suburb ranks 483rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.77% return.

It also places places 673rd in Australia based on median property value growth during the quarter.

Surburb overview

Carlton North, located approximately 4 kilometres north of Melbourne's Central Business District (CBD), is an inner-city suburb known for its Victorian-era architecture, vibrant community, and green spaces. According to the 2021 census, it has a population of 6,177 residents.

The suburb attracts diverse residents, including young professionals, families, and students, primarily due to its proximity to universities and the CBD. The predominant age group is 20-39 years.

Carlton North offers various housing options, from historic Victorian terraces to modern apartments. As of recent data, the median property price for a house is approximately $1,800,000, with an annual capital growth of 5.5%. Rental yields for houses are currently around 2.5%, with an average median rent of $850 per week.

The suburb is well-served by public transportation. Multiple tram lines run through Carlton North, providing easy access to the CBD and surrounding areas. The nearby Royal Park and Jewell railway stations also offer train services to various parts of Melbourne.

Carlton North is home to several educational institutions, including Princes Hill Primary School and Princes Hill Secondary College. The University of Melbourne is also nearby, attracting a significant student population.

The suburb boasts a vibrant community with numerous cafes, restaurants, and boutique shops, particularly along Rathdowne Street and Nicholson Street. Cultural attractions include the Melbourne General Cemetery and the Princes Park, which contains the Princes Park Football Ground. The suburb's parks and green spaces provide residents ample outdoor and recreational opportunities. 

Carlton North 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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