Carlton North is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3054). With a population of 6,177, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $125K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Carlton North is $1.5 million, having risen modestly 1.7% over the past year. Units have a median price of $700,000 (+2.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 2.3%. 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.
From an investment perspective, Carlton North offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.1x is considered stretched. House prices have moved +1.7% year-on-year.
Carlton North is a mid-sized suburb in Victoria within the Yarra local government area (postcode 3054). With a population of 6,177, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $125K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Carlton North is $1.5 million, having risen modestly 1.7% over the past year. Units have a median price of $700,000 (+2.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 2.3%. 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.
From an investment perspective, Carlton North offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 12.1x is considered stretched. House prices have moved +1.7% year-on-year.