carlton north

3054, Victoria

Real Estate & Property Information

Median
Price Rank
63

carlton north Suburb Profile & Review

Carlton North residents have the best of two worlds. Brunswick Street's vibrant nightlife and Lygon Street's culinary delights are both just a short walk away. This quiet residential suburb is home to professionals, students and families, who all enjoy its quaint Victorian and Edwardian terrace houses.

On Rathdowne Street, residents will find a number of charming cafes, restaurants and boutique shops. Rathdowne Village is also home to the original La Porchetta pizzeria, which has developed into a trans-Tasman franchise with eighty restaurants open today. Other popular eateries include Degani and the 100% gluten free cafe Black Ruby. Two schools are located within the suburb's borders: Princes Hill Secondary College, which recently went under some upgrades, and Carlton North Primary School. Curtain Square is a great park for families which features a fun playground and plenty of room to let your dog run free.

Public transport is never far away. Four tram routes service the suburb: the route 19 tram along Royal Parade, route 1 and route 8 along Lygon Street, and the route 96 along Nicholson Street. A number of bus routes also follow Rathdowne Street and Richardson Street. For those who prefer two wheels, the Capital City Bicycle Trail passes through the area on its way to some of Melbourne's most well-known landmarks.

carlton north Demographic Data

$ 830,000 Median House Price

10 Minutes Average Commute

31 Median Age

6,220 Population

53.20 % Female

46.80 % Male

1387 NO OF FAMILIES

1.6 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in carlton north, Victoria.

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carlton north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

carlton north Median House Prices

  • 2008 $ 735,000
  • 2009 $ 720,000
  • 2010 $ 787,750
  • 2011 $ 930,000
  • 2012 $ 830,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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carlton north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in carlton north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term carlton north property price predictions.

carlton north Market Property Types

  • 6 % Seperate House
  • 73 % Semi Detached
  • 20 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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carlton north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

carlton north Income & Mortgage Stats

  • $ 1,764 Median Weekly Household Income
  • $ 2,400 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in carlton north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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carlton north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

carlton north Sold Property Prices

carlton north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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carlton north Restaurants

  • Zheng Guan563 Nicholson Stcarlton north VIC 305403 9380 2885
  • Paragon Cafe651 Rathdowne Streetcarlton north VIC 305403 9347 7715
  • Lucky's Pizzeria923 Rathdowne Stcarlton north VIC 305403 9387 5537

carlton north Cafes

  • Paragon Cafe651 Rathdowne Streetcarlton north VIC 305403 9347 7715
  • Filou's PatisserieCnr Lygon & Fenwick Stcarlton north VIC 305403 9347 4029
  • Bistro Flor555 Nicholson Stcarlton north VIC 305403 9381 4443

carlton north Schools

  • Carlton North Primary SchoolLee Streetcarlton north VIC 3054(03) 9347 4822State Primary School

carlton north Childcare

  • Gowrie Victoria CCC36 Newry Streetcarlton north VIC 3054

carlton north Kindergarten and Preschools

  • North Carlton Childrens Centre & Kinder481 Canning Stcarlton north VIC 3054
  • Princes Hill KindergartenPigdon Streetcarlton north VIC 3054

carlton north Sporting Centres and Clubs

  • Princes Parkcarlton north VIC 3054Bowling Club
  • Carlton Cricket & Football Social Clubcarlton north VIC 3054Cricket Club
  • AFL Clubs, Carlton, Visy Parkcarlton north VIC 3054Football Club

carlton north Retirement Villages

  • Redmond Parkcarlton north VIC 3054

Find out How Much your House is Worth in carlton north

Request a free market Basic Report for carlton north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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