Carlton North is a terrace market through and through, with almost no apartment activity to speak of. The compact two-bedroom period home is the star, clearing at around three in four in about four weeks near a $1.3205m median, as professionals and downsizers compete for character homes on the suburb's leafy streets. Lifestyle and position are doing the work here, not floor space.
Clearances ease as homes get larger, from the low sixties on three-bedroom houses to the mid-fifties on the biggest, the usual sign that the upper end asks for a little more patience.
For owners of a well-kept single or double-fronted period home, buyer demand is genuine and competitive. The key is presentation and a price built on this year's local sales, since buyers here know the streets closely and will move quickly on a home that is priced right and shows well, while passing over anything that looks ahead of the market.
Median sale price for houses in Carlton North is $1,540,000, down 6.5% from last year.
Median sale price for units in Carlton North is $666,000, up 0.2% from last year.
Properties sold for houses in Carlton North is 108, up 10.2% from last year.
Properties sold for units in Carlton North is 12, down 25.0% from last year.
Auction clearance for houses in Carlton North is 72.3%, down 3.9% from last year.
Auction clearance for units in Carlton North is 66.7%, down 16.7% from last year.
Av days on market for houses in Carlton North is 38, down 36.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Carlton North's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
