Carlton

Carlton is a vibrant inner-city suburb of Melbourne, Victoria, located just 2 km north of Melbourne’s Central Business District, within the City of Melbourne. Known for its rich cultural heritage, bustling Italian precinct, and historical architecture, Carlton is a hub of activity and diversity. According to the 2021 census, Carlton has a population of 19,120, reflecting its status as a densely populated area.

Demographic Profile

• Population: 16,055 as of the 2021 census.
• Predominant Age Group: Carlton attracts a diverse demographic, including students, young professionals, and families. The area is particularly popular among the 18-29 age group, largely due to the proximity of universities.
• Median Household Income: Reflects a wide range due to the diverse population, from students to professionals.
• Occupancy: A mix of renters and owners, with a high proportion of apartments and shared housing due to the student population.

Real Estate and Growth

• Median House Prices: Carlton’s real estate market is varied, with median house prices around AUD 1,250,000. However, standalone houses are less common than apartments and units.
• Median Unit Prices: The median price for units and apartments is approximately AUD 500,000, catering to the significant student and young professional population.
• Rental Market: The median rent is around AUD 400 per week for units, reflecting the high demand from the student population.
• Market Trends: Carlton has experienced fluctuating growth, with property values influenced by its central location and appeal to a transient population.

Education and Lifestyle

• Schools: Proximity to prestigious universities, including the University of Melbourne and RMIT University, makes Carlton a prime location for students.
• Local Vibe: Carlton is famed for its “Little Italy” precinct on Lygon Street, known for Italian cafes, restaurants, and gelaterias, offering a lively and cosmopolitan atmosphere.
• Community Insights: Residents enjoy cultural activities, green spaces like Carlton Gardens, and access to Melbourne’s central business and entertainment districts.

Transportation

• Public Transport: Excellently serviced by trams and buses, providing easy access to the CBD and surrounding suburbs.
• Accessibility: Its central location means Carlton is also very walkable and bike-friendly, with numerous cycle paths.

Notable Features

• Cultural Attractions: Home to the Melbourne Museum, Royal Exhibition Building, Carlton Gardens, and UNESCO World Heritage Sites.
• Educational Institutions: The suburb is a hub for tertiary education and research, housing major university campuses and student accommodations.

Carlton is a dynamic and culturally rich suburb, ideal for those seeking an urban lifestyle with the convenience of inner-city living. Its historical charm, vibrant dining scene, and proximity to top educational institutions make it a desirable location for students, young professionals, and families.