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Carlton, VIC 3053

Home » VIC Real Estate Data » Melbourne City, VIC » Carlton, VIC 3053

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, VIC 3053 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

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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, VIC 3053”

  1. The total adult population (15 years or older) of Carlton 3053 VIC is 15,192, with a median age of 27. Of those, 16.69% are married, 6.96% are divorced or separated, 73.97% are single and 2.37% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $8,264. The median monthly mortgage repayment for households in this suburb is $1,898 which is 22.97% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of Victoria is the vibrant suburb of Carlton 3053, which offers a resident population of approximately 14,517 households. As we journey into Q3 of 2023, it’s intriguing to note that the typical price tag attached to houses in Carlton currently rings in roughly $1,549,116 AUD. To go with, these properties attract a median weekly rent of $835, churning out an indicative yield at presently 2.80%.

    Carlton has an admirable IRSAD score of 1052 out of 1217, suggesting the suburb houses residents with an above-average access to economic resources and a favourable socio-economic status. The property landscape here presents a renter to owner ratio of 72%, indicating a market that leans more towards providing rental properties. Moreover, the suburb is home to a significant number of units, with the unit to houses ratio marked at 84%.

    It’s important to note, however, the affordability index currently stands at 73 years. This intimates that the average individual or family would need 73 years to fully own a property in Carlton. This figure has certainly soared beyond the standard 30-year mortgage tenure, signalling decreased affordability of housing in the area.

    Supply metrics look favourable, with the stock on market Percentage for houses bowing low at 0.09%, and the inventory level for houses a meagre 0.44 months. This insinuates low-supply conditions that could potentially raise property price due to heightened competition. Furthermore, the building approvals Ratio sits at 0.04%, revealing a limited trend in new housing stock incoming into the property market.

    Notwithstanding, there seems to be moderate demand for properties, with an average house spending 75 days in the market before being sold. The vacancy rate – which combines the statistics for houses and units – is at a comfortable 1.46%. This underlines a high demand scenario, likely to push rental prices up and reduces risks of having an unoccupied rental property. A buy search index rating for houses at 3 denotes a neutral standing, suggesting balanced demand within Carlton.

    It’s crucial to note that although some metrics fall in the unfavourable range, such as the affordability index and the renter to owner ratio, strong demand and low supply could provide opportunities for growth in property values and rental yields in the future.

    Finally, it’s key to remember to pay heed to these trends and make informed decisions in property investment and make use of analytical tools such as the RCS from HtAG Analytics in the process.

    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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