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Carlton North suburb profile

Carlton North is a charming inner-city suburb of Melbourne, located just 4km north of the CBD. Known for its heritage-listed Victorian terraces and leafy streets, it offers a blend of historic charm and modern convenience. The suburb is home to the popular Rathdowne Village, featuring boutique shops, cafes, and restaurants that cater to a diverse community. With its proximity to the University of Melbourne and excellent public transport options, Carlton North attracts students, professionals, and families alike. The suburb's vibrant community atmosphere and access to parks and recreational facilities make it a desirable place to live.

Carlton North property market performance

Current median dwelling price$1,051,250Past 3 months

Property growth-4.9%Past 12 months

Carlton North's property market has remained stable over the past 12 months, with no change in the median house and unit values. The median house price stands at $1.305 million, reflecting consistent demand. Over the last three months, 23 houses and 5 units were sold, indicating moderate sales activity.

Houses in Carlton North are taking an average of 48 days on the market, while there is no data available for units, suggesting limited activity in the unit sector. The rental market has seen some growth, with house rents increasing by 6.2% and unit rents by 5.5% over the past year, highlighting a steady demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.45MN/A
Change in value
Past 12 months
-7.1%-2.7%
Sold
Past 3 months
307
Median days on market
Past 12 months
47N/A
Average rent
Past 12 months
$850$578
Change in rent
Past 12 months
4.9%1.4%

5 year median price trend for houses and units

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Carlton North demographics

Carlton North, nestled just north of Melbourne's bustling CBD, is a charming suburb known for its leafy streets, historic architecture, and vibrant community life. With a population of 6,177 and a median age of 33, the suburb attracts a youthful demographic, including young professionals and families who appreciate its proximity to the city and the relaxed, village-like atmosphere. The median total household income of $2,400 per week reflects the area's appeal to those seeking a comfortable urban lifestyle.

The housing landscape in Carlton North is diverse, with a significant portion of properties being rented, accounting for 51.4% of the suburb's dwellings. This high rental rate highlights its popularity among those seeking flexible living arrangements, including students and professionals. Meanwhile, 28.9% of properties are owned outright, and 19.7% are owned with a mortgage, indicating a stable community with a mix of long-term residents and new buyers.

Family dynamics in Carlton North are varied, with couple families without children making up 53.9% of the family households, while couple families with children account for 31.8%. One-parent families represent 11.1% of the community, adding to the suburb's diverse family structure. The area's rich cultural scene, with its cafes, parks, and community events, makes it an attractive place for families and individuals alike, offering a blend of urban convenience and a close-knit community feel.

Suburbs near Carlton North

Some popular suburbs near Carlton North include:

  • Princes Hill: Known for its charming period homes and proximity to parklands, Princes Hill is located directly north of Carlton North.
  • Fitzroy North: Offering a vibrant community with eclectic shops and cafes, Fitzroy North is situated to the northeast of Carlton North.
  • Fitzroy: Famous for its bohemian vibe and artistic culture, Fitzroy lies to the southeast of Carlton North.
  • Clifton Hill: Known for its leafy streets and family-friendly atmosphere, Clifton Hill is located to the east of Carlton North.
  • Parkville: Featuring expansive parklands and prestigious educational institutions, Parkville is situated to the west of Carlton North.

How does Carlton North compare to nearby suburbs?

  • Median house prices: Carlton North’s median house price is 7.3% lower than Fitzroy North’s.
  • Median unit prices: Carlton North’s median unit price is 8.8% higher than Fitzroy North’s.
  • House price growth: Property prices in nearby Princes Hill have risen 15.8% more than in Carlton North over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Carlton North have grown 0.5% higher than in Parkville.
  • Selling speed for houses: Properties in Carlton North are selling 11.3% faster than in Parkville.
  • Investment considerations: In Carlton North, the rental yield for house is 34.9% higher than the Melbourne average, while the rental yield for units is 1.4% lower.
  • House price growth: Over the past 12 months, house prices in Carlton North have grown 53.0% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Carlton North have grown 14.2% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Carlton North

In Carlton North ,61 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 31.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.8% and 2.47%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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