Carlton, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Carlton
VICCensus 2021 · Population 16,050
Carlton is a vibrant suburb with a total population of 16,050, characterized by a youthful median age of 27 years, significantly lower than the Victorian average of 38 years. The gender distribution is fairly balanced with 49% males and 51% females. The suburb is predominantly renter-heavy, with 72.3% of the population renting their homes, compared to the Victorian average of 28.5%. The area has a high percentage of apartments, accounting for 80.7% of the housing stock, while separate houses are rare at 1.3%.
Key Highlights
- Highly educated population - 52.7% hold bachelor degrees or higher (vs VIC 29.2%)
- Young median age of 27 years (vs VIC 38 years)
- High percentage of renters - 72.3% (vs VIC 28.5%)
- Significant work-from-home culture - 35.8% (vs VIC 25.7%)
- Diverse community with 39.1% born in Australia
Things to Consider
- Higher unemployment rate at 11.4% (vs VIC 5.0%)
- Below average median household income of $1,292 weekly (vs VIC $1,759)
- Predominantly apartment living with limited separate houses
- High percentage of single-person households at 45.3%
- Significant percentage of the population with mental health conditions at 10.3%
What's it like living here?
Daily life in Carlton is dynamic, with a strong emphasis on public transport and walking, as only 14.4% of residents drive to work. The suburb has a high work-from-home rate of 35.8%, which is above the Victorian average of 25.7%. The community is diverse, with a significant portion of the population born overseas, contributing to a multicultural atmosphere.