Carlton
Property profile for Carlton, Melbourne. Median prices and property calculators.
Median Prices
Median House Price
$1,600,000
Approximate median for Carlton, Melbourne
Median Unit Price
$450,000
Approximate median for Carlton, Melbourne
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Estimated Stamp Duty
$84,000
On median house price of $1,600,000
Estimated Monthly Mortgage
$7,840
80% LVR, 6.2% rate, 30yr P&I
Estimated Deposit Needed
$320,000
20% of median house price
Estimates are approximate and based on the median house price. Use our calculators for exact figures.
About Carlton
Carlton is Melbourne's Little Italy, located immediately north of the CBD and centred around the famous Lygon Street dining precinct. Lygon Street has been the heart of Melbourne's Italian community since the post-war immigration era, and today its trattorias, gelato bars, espresso cafés, and delicatessens remain a beloved institution. Property in Carlton ranges from meticulously restored Victorian terraced houses and workers' cottages to student apartments and modern residential developments. The suburb is home to the University of Melbourne, giving it a vibrant academic atmosphere with a youthful population that supports bookshops, independent cinemas, and late-night eateries. The Melbourne Museum and the Royal Exhibition Building, a UNESCO World Heritage site, are located within Carlton Gardens, one of Melbourne's most beautiful parks. Transport is outstanding, with multiple tram routes along Lygon Street, Nicholson Street, and Rathdowne Street providing direct CBD access in minutes. Carlton is also within walking distance of Melbourne Central station and the CBD. The suburb attracts university students and academics, young professionals who enjoy inner-city walkability, Italian-Australian families with generational ties to the area, and investors seeking consistent rental demand from the large student and professional population.