Carlton and Carlton North are inner-Melbourne neighbours with distinct characters. Carlton is dominated by the University of Melbourne student population and terrace houses; Carlton North has a higher owner-occupier rate and stronger family and professional demographic. This comparison uses REIV Q2 2025 and ABS Census 2021 data.
Median House Price Comparison
| Metric | Carlton | Carlton North |
|---|---|---|
| Median House Price | $1,580,000 | $1,720,000 |
| Median Unit Price | $490,000 | $590,000 |
| Gross House Yield | 5.2% | 4.2% |
| Gross Unit Yield | 5.6% | 4.4% |
| 5-Year Growth (House) | 28% | 36% |
| Owner-Occupier Rate | 21% | 58% |
| Median HH Income (ABS 2021) | $1,480/wk | $2,180/wk |
| GeeVee Investment Score | 7.8/10 | 8.0/10 |
GeeVee Verdict
Carlton leads on yield at 5.2-5.6%, driven by the University of Melbourne student market. Carlton North leads on capital growth (36% five-year) and household income. Carlton suits yield-focused investors. Carlton North suits long-term capital growth investors and owner-occupiers.
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