Carlton North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Carlton North
VICCensus 2021 · Population 6,180
Carlton North is a suburb with a population of 6,180, characterized by a relatively young median age of 33 compared to the Victorian average of 38. The suburb has a higher percentage of females (52.6%) than males (47.4%). The area is predominantly inhabited by couples without children, making up 53.8% of the households, and has a significant proportion of single-person households at 27.2%. The education level is notably high, with 62.9% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. The median personal weekly income is $1,208, and the median household weekly income is $2,400, both of which are higher than the Victorian averages.
Key Highlights
- Highly educated population - 62.9% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,400 weekly (vs VIC $1,759)
- Significant work-from-home culture - 46.8% (vs VIC 25.7%)
- Renter-heavy housing market - 50.1% rented (vs VIC 28.5%)
- Predominantly young population - median age 33 (vs VIC 38)
Things to Consider
- High rental prices with a median weekly rent of $552
- Low percentage of separate houses at 6.1% (vs VIC 73.4%)
- Limited public transport usage at 7.9%
- High proportion of high-income households at 39.7%
- Significant mental health condition prevalence at 12.1%
What's it like living here?
Daily life in Carlton North is marked by a high percentage of residents working from home (46.8%), which is nearly double the Victorian average of 25.7%. The suburb has a low car dependency, with only 19.5% of residents driving to work, while public transport usage is at 7.9%. The community has a vibrant feel with a mix of professionals and managers making up the majority of the workforce. The housing market is predominantly rental, with 50.1% of properties rented, compared to the Victorian average of 28.5%.