Suburb Profile Report for Carlton North VIC (3054)

Carlton North House: Median price $1,400,000, Annual capital growth 8.28%, Number of sales 70, Weekly median advertised rent $620

Carlton North Unit: Median price $588,250, Annual capital growth 6.22%, Number of sales 28, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Carlton North is an average performer in VIC when comparing median price capital growth over the last year. Carlton North gave property investors a good capital gain figure when compared to the rest of the state, with 12.34%.

Across a shorter period, Carlton North, 3054 has seen a median price increase of 4.48% over the last quarter.

Carlton North3054 is located in VIC which offers an average discount of -5.71% to property investors. Carlton North itself is showing figures that indicate -6.14% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Carlton North being $1400000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 2.30%

At number 360th in the list of Australian suburbs ordered by increase in median house value over the last year, Carlton North, 3054 is in the top 30% with a property value increase of 11.83% recorded in median house prices.

A 27.67% growth in median value for property investors in Carlton North,3054 puts this suburb at number 257th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Carlton North are currently offering property investors an average price cut of -7.29% below the asking price at the moment.

In the last year 28 properties changed hands in Carlton North, which puts it as the 263th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.22%, investors should hope to achieve an overall return of 3.89%

Metrics i HOUSE UNIT
$1,400,000 $588,250
4.48% -0.55%
12.34% 11.83%
8.28% 6.22%
$620 $440
70 28
2.30% 3.89%
44.75 70.93

Source: CoreLogic

DSR Score for property investment : Good (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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Recent sales & rentals