6.7 Flat, unit or apartment The Melbourne suburb of Carlton is well-known for the Italian precinct on Lygon Street, parks and gardens, Melbourne Museum and the Royal Exhibition Building. 1633 702 1.2 863 The rental vacancy rate sits at around the 2% mark. And with the suburb’s average yield coming in at around 7% this is an area where it’s possible to pick up a cheap, low maintenance apartment and play for rental returns. Christianity
25.9 In fact, it was recently singled out by RP Data and St George bank as an affordable growth pocket that’s been overlooked compared to its neighbours. Median property prices over the last year range from $1,280,000 for houses to $659,750 for units.
7.0 $1,452,000 16.2 9.5
The dark side of property investing
It’s worth bearing in mind, however, that Carlton’s unit listings show a bias towards small student studios and one-bedroom units, so when comparing like for like Carlton units won’t be quite as cheap as the median data suggests.
Carlton is a suburb in southern Sydney, in the state of New South Wales, Australia.
Semi-detached, row or terrace house, townhouse
44 Carlton lies across the boundary of two local government areas, the Georges River Council and the Bayside Council. Other 39.8 Top 3Details How this was calculated and classification information Carlton, on the city’s northern edge, is a cultured, bookish hub encompassing Melbourne University, Carlton Gardens and the long-established Little Italy of Lygon Street.
These include restaurants, cafes, bookstores and a cinema complex.
Once again, this suburb is located near the hearts of the St George area - Kogarah and Hurstville, but Carlton in itself is fighting back against the consumer rich duopoly with the convenience of a gym, a small stretch of restaurants of Railway Pde and abundance of parks and schools.
15-19 years Australia 83.8785046728972 No Religion
The median increase in value, or capital gain property investors experienced for this VIC suburb was -35.62%.
426 3.39% Australian Property Buyers’ Karin Mackay agrees that Rathdown Village is a great spot, and highlights the fact that Carlton North’s growth figures are better than Carlton’s – as its unit market isn’t dominated by student apartments. 8.6
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