Carlton is a well-established suburb in Victoria within the Melbourne local government area (postcode 3053). With a population of 16,055, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $67K per year, with an average household size of 1.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Carlton is $1.4 million, having declined 7.3% over the past year. Units have a median price of $409,000 (+3.5% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,898.
Carlton is served by 2 schools, including 2 primary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 53 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Carlton offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.7x is considered stretched. House prices have moved -7.3% year-on-year.
Carlton is a well-established suburb in Victoria within the Melbourne local government area (postcode 3053). With a population of 16,055, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $67K per year, with an average household size of 1.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Carlton is $1.4 million, having declined 7.3% over the past year. Units have a median price of $409,000 (+3.5% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,898.
Carlton is served by 2 schools, including 2 primary. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 53 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Carlton offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 20.7x is considered stretched. House prices have moved -7.3% year-on-year.