Suburb Profile Report for Carlton North VIC (3054)

Carlton North House: Median price $1,326,000, Annual capital growth 8.30%, Number of sales 62, Weekly median advertised rent $600

Carlton North Unit: Median price $510,000, Annual capital growth 5.08%, 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

If you compare the increase in value of investment property in Carlton North, 3054 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.21%.

Taking the average capital gain, or increase in median house value, Carlton North,3054 has racked up an average of 14.21% over the period. This ranks it number 409th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Carlton North are currently offering property investors an average price cut of -2.69% below the asking price at the moment.

Often selling an investment property can take time, and in Carlton North the average time real estate has been on the market is 76 days.

Situated 3.23km from the CBD, Carlton North is one of Melbourne localities in the postcode 3054.

With a capital gain of -8.27% for the last 12 months, Carlton North, 3054 has performed for property investments than its average annual 5.08% property growth over the last 5 years.

Carlton North,3054 has offered an average of -8.27% return per annum in house price rises to property investors over the last three years.

In the last year 22 properties changed hands in Carlton North, which puts it as the 284th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,326,000 $510,000
7.48% -3.41%
14.21% -8.27%
8.30% 5.08%
$600 $430
62 22
2.35% 4.38%
76 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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