Located in Victoria within the Yarra local government area, Carlton North is a mid-sized suburb (postcode 3054). It is home to about 6,177 residents, with a blend of families and working-age professionals and a median age of 33. Households earn a median income of $125K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Carlton North stand at $1.5 million, having softened modestly by 0.8% over the last twelve months. Units have a median price of $610,000 (-12.9% YoY). The current median weekly rent is $760. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,500.
Carlton North is served by 2 schools, including 2 primary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.0x is considered stretched. House prices have moved -0.8% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.