Suburb Profile Report for Carlton North VIC (3054)

Carlton North House: Median price $1,340,000, Annual capital growth 8.39%, Number of sales 58, Weekly median advertised rent $600

Carlton North Unit: Median price $530,000, Annual capital growth 5.46%, Number of sales 22, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Carlton North has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.56% to date .

Across a shorter period, Carlton North, 3054 has seen a median price increase of 6.77% over the last quarter.

At number 598th of VIC’s most discounted properties, Carlton North is in the TOP 10% of the state/territory when listing in order of most discounted to least.

At number 1524 in a list of fastest selling suburbs, Carlton North is just in the top half of suburbs in Australia with an average of days on market 73.5 for properties listed there.

Advertised rents are around the $600 mark per week – giving a return of 2.33% based on the median price in Suburb

Carlton North is in the bottom 30% in VIC when comparing median price capital growth over the last year. Carlton North gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.67%.

The five-year average increase in median property values for Carlton North,3054 has given property investors a potential capital gain of 13.61% across each of those five years.

At number 195th of VIC’s most discounted properties, Carlton North is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 5.46%, investors should hope to achieve an overall return of 4.22%

Metrics i HOUSE UNIT
$1,340,000 $530,000
6.77% N/A
13.56% -1.67%
8.39% 5.46%
$600 $430
58 22
2.33% 4.22%
73.5 64.7

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Carlton North VIC
Demographics
Total population 6219
Median household income ($/weekly) 1764
Median age of persons 31
Median housing loan repayment ($/monthly) 2400
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 857 13.8
    25-34 years 1834 29.5
    35-44 years 921 14.8
    45-54 years 639 10.3
    55-64 years 543 8.7
    Others 1426 22.9
    Age Group
    Census Count Percent(%)
    Not Married 2887 56.5
    Registered Married 1391 27.2
    Defacto Relationship 828 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4332 73.4
    Japan 176 3.0
    Papua New Guinea 197 3.3
    United Kingdom 292 5.0
    Other 243 4.1
    Others 658 11.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 2.7
    Christianity 2363 42.7
    Islam 74 1.3
    Judaism 50 0.9
    No Religion 2846 51.4
    Others 58 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 198 8.4
    $1,500-$1,999 285 12.1
    $2,000-$2,499 229 9.7
    $2,500-$2,999 331 14.1
    $4,000 or more 193 8.2
    Others 1115 47.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2488 46.8
    Employed, worked part-time 1271 23.9
    Not in the labour force 1173 22.1
    Employed, away from work 208 3.9
    Unemployed, looking for work 178 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 551 13.9
    Professionals 1868 47.0
    Community & personal service workers 365 9.2
    Clerical & administrative workers 471 11.9
    Sales 279 7.0
    Others 437 11.0
    Occupation
    Census Count Percent(%)
    Pre-school 77 4.8
    Infants/Primary 238 14.7
    Secondary 164 10.1
    Technical or Further Educational Institution 127 7.8
    University or other Tertiary Institutions 958 59.2
    Others 54 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 4426 75.5
    Flat, unit or apartment 950 16.2
    Separate house 419 7.1
    House or flat attached to a shop, office 68 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1386 53.3
    Fully owned 742 28.5
    Being purchased 458 17.6
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals