Carlton North Property Market Overview (2026)
Carlton North sits in the established middle-ring market. Property here commands a premium because the amenity density justifies it — 71 dining venues, 5 schools, and 15 parks within the suburb boundaries.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $1.0M–$1.6M | $4,000–$6,400 |
| Unit/Apartment | $500K–$750K | $2,000–$3,000 |
Estimates based on Carlton North’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Carlton North
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Carlton North stacks up:
| Amenity Factor | Carlton North | Impact on Value |
|---|---|---|
| Schools | 5 | Moderate |
| Parks | 15 | High — green space is a premium driver |
| Dining & Cafes | 71 | High — walkable lifestyle premium |
| Medical | 4 | Adequate |
| Supermarkets | 2 | Basic |
| Gyms & Fitness | 9 | Active lifestyle suburb |
Total amenity score: 134. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Carlton North has 5 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Princes Hill Secondary College | 47 Arnold Street |
| Brunswick South Primary School | 56 Brunswick Road |
| Carlton North Primary School | 60 Lee Street |
| Princes Hill Primary School | Pigdon Street |
| Simonds Catholic College St Brigid’s VCE Campus | 20 York Street |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $350–$460 |
| 2 Bedroom | $480–$620 |
| 3 Bedroom | $620–$850 |
Rental yield estimate: 3.5–4.0% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Carlton North
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Carlton North are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Carlton North Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Carlton North
- Best Cafes in Carlton North
- Best Bars in Carlton North
- Cost of Living in Carlton North
- Carlton North Neighbourhood Guide
- Family Guide to Carlton North
- Is Carlton North Safe?
- Carlton North Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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