Question 1

Is Carlton North a nice place to live?

Accepted Answer

Carlton North has a leafy, heritage streetscape of Victorian and Edwardian terraces, workers' cottages and sympathetic apartment conversions. It sits beside Princes Park, a large sporting oval and open reserve that anchors weekend walks and local fixtures. A mix of independent cafés, pubs and small retailers serves nearby residents, and trams provide a direct link into the city and make the Parkville university and hospital precinct easily reachable. The area attracts young professionals, families and academics who value inner-city convenience, a village feel and ready access to green space.

The suburb is home to 6,177 people, with a median age of 33 and a median household income of $2,400 a week. Homes are slightly more often rented than owner-occupied, with 51.4% of dwellings rented. Major change is underway at Princes Park through the Princes Park/Ikon Park redevelopment, the Carlton Football Club’s Ikon Park project is in staged delivery, and a staged modernisation of Carlton North Primary School is under way. Whether Carlton North suits you comes down to what you want from an inner-northern suburb.

Question 2

Is it expensive to live in Carlton North?

Accepted Answer

A house at Carlton North's current median price of $1,490,000 works out to about 11.9 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above local incomes. Renting looks less stretched by comparison: an average house rent of $850 a week would take roughly 35% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $575 a week would take about 24% of that income, a moderate share. If you're renting rather than buying, those rent shares are the most relevant figures; whether they feel expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Carlton North a good place to invest?

Accepted Answer

Over the past 12 months in Carlton North the two sides of the market moved in different directions. Median house values fell 6.5% while house rents rose 6.2% over the same period. Unit values edged up 0.2% and unit rents increased 0.9%.

If capital growth is your focus, the value figures show houses declined and units saw only a slight rise. If rental income is your priority, house rents were the stronger performer, rising notably faster than unit rents. Which of those outcomes matters to you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.49M	N/A
Change in value Past 12 months	-6.5%	0.2%
Sold Past 3 months	28	6
Median days on market Past 12 months	38	N/A
Average rent Past 12 months	$850	$575
Change in rent Past 12 months	6.3%	0.9%

Get a property report and suburb profile for any property in Carlton North

Carlton North suburb profile

Carlton North property market performance

5 year median price trend for houses and units

Carlton North demographics

Suburbs near Carlton North

How does Carlton North compare to nearby suburbs?

Choose the right real estate agents in Carlton North

Get a head start and compare top local agents in Carlton North

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market