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Carlton North, VIC 3054

Home » VIC Real Estate Data » Melbourne City, VIC » Carlton North, VIC 3054

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Carlton North, VIC 3054 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Carlton North, VIC 3054”

  1. The total adult population (15 years or older) of Carlton North 3054 VIC is 5,544, with a median age of 33. Of those, 27.63% are married, 7.65% are divorced or separated, 62.16% are single and 2.63% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $12,492. The median monthly mortgage repayment for households in this suburb is $2,500 which is 20.01% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Carlton North, postcode 3054, is located in the state of Victoria (VIC), boasting approximately 3449 households. In a snapshot of Q3 2023, the typical house price in Carlton North reaches the lofty sum of $1,564,526 AUD. Meanwhile, the median weekly rent stands at $793, producing an indicative yield of 2.64%, which just falls under the 3% desired by cashflow-focused investors.

    Notwithstanding the yield, Carlton North exhibits other attractively robust market indicators. Having an indexed socio-economic score of 1146 out of 1217 hints towards excellent accessibility to economic resources, high income levels and a high proportion of skilled professionals in the neighbourhood.

    However, when it comes to Carlton North’s rental market gravity, the renter to owner ratio sits at an even 50%, which might introduce some competition among landlords but can also indicate a high demand for rental accommodations.

    Where housing structure is concerned, the suburb presents a favourable units to houses ratio of 22%. This suggests that the property market is dominated by houses over units, likely attracting more families to the area and fostering longer tenancy periods.

    Affordability is a crucial factor affecting property markets, and, in Carlton North, the affordability index hovers around 49 years – a number indicating reduced affordability, assuming a standard 30-year mortgage.

    When analysing the supply measures, Carlton North receives favourable ticks across the board. With a phenomenally low stock on market percentage at 0.08% and an equally impressive inventory level of only 0.25 months, both metrics posit an overall low supply market that can drive prices upwards. This is further supported by a low building approvals ratio of 0.15%, signalling a limited upcoming supply of new homes.

    From a demand perspective, properties in Carlton North are snapped off the market relatively quickly, with an average of only 29 days on the market. Indeed, the vacancy rate sits comfortably at 1.45%, sustaining a high demand. The buy search index mirrors this sentiment, scoring a robust 6, a clear indication that this suburb is in high demand among prospective buyers.

    In conclusion, despite some affordability challenges and the indicative yield just shy of the 3% benchmark, Carlton North presents several favourable market conditions, particularly in supply and demand metrics. Astute investors, mindful of the market trends and Carlton North’s relative market strengths, may find investment opportunities within this suburb. Remember, the Relative Composite Score (RCS) metric by HtAG Analytics simplifies this process, providing an overall suburb score using over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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