Melbourne · 3053

Carlton, VIC

incomes +21.0% (5y), population +7.8% (5y).

NextSuburb scoreTier C
44Below trend
Median house
$1.46M
5y growth
3.9%/yr
Gross yield
1.3%
Vacancy
1.8%
Stable but fully pricedHigh confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)3.9%/yr
    39/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening-4.0% YoY
    70/100
  • Rental yield1.3%
    26/100
  • Rental demand1.8% vacancy
    55/100
  • Income growth+21.0% (5y)
    84/100
  • Construction pipeline$0.3bn nearby
    7/100
  • Affordability3% under cap
    3/100

Why this score

Carlton scores 44/100 (Below trend). The two strongest signals: 21.0% income growth and 7.8% population growth over five years. The standout watch-out: the median is 97% of a typical budget.

Drivers
  • Income growth+21.0% (5y)
  • Population growth+7.8% (5y)
  • Supply tightening-4.0% YoY
Risks
  • At top of budget (97% of cap)
  • Thin gross yield (1.3%)

Nearest infrastructure

Metro Tunnel — Parkville Station1.6 km away

Recently completed · $13.5bn · completion 2025

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
384653Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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