Carlton

Carlton is a vibrant suburb with a diverse population, including a significant number of professionals and technicians/tradeworkers. The area has good public transport access, with many residents using trains and buses for their daily commute. A high percentage of residents work from home. The suburb has a mix of age groups, with a notable proportion aged between 20 to 34 years. For houses, Carlton presents opportunities for investors interested in long-term capital growth due to its positive median growth over the past years. The low vacancy rate and high demand for renting out rooms indicate a strong rental market. Additionally, the suburb's high online search interest suggests a good level of buyer demand. In contrast, the unit market in Carlton has shown inconsistent growth trends, making it more challenging for investors seeking stable returns. Carlton offers a dynamic lifestyle with amenities and public transport options in close proximity. It is an attractive prospect for investors looking at houses given the suburb's growth potential, low vacancy rates, and strong demand for rental properties. However, potential investors in units should be cautious due to the market's fluctuating performance in recent years. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022