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Sitting only 2km away from Melbourne City, Carlton is a hub for all things Italian. An array of delicious eateries, coffee havens and generationals stories marry harmoniously with historic architecture and contemporary retail offerings making the suburb ideal for both young professionals and more established families.
One of the most vibrant inner city suburbs in Melbourne, Carlton’s laid back attitude and busy population of welcoming locals means its popularity is a constant driver for new businesses, residential projects and endless reasons to sit outside and watch the world go by.
Carlton houses a broad mix of residents - from older established families, to young professionals who enjoy the CBD proximity, to the constantly changing range of students attending nearby University of Melbourne.
While there has been a rise in apartment developments in line with the suburb’s increased popularity, a quick wander around will reveal Carlton’s rich architectural heritage with streets lined with Victorian and Edwardian-era terraces.
Carlton’s famous Lygon and Grattan streets offer a wonderful variety of restaurants, bars, theatres and other late night haunts and weekend drawcards. Definitely green, the suburb also boasts a number of parks, including Carlton Gardens surrounding the grandeur of the Royal Exhibition Building. Art House masterpieces at Cinema Nova, live theatre at La Mama, cocktails at The Town Mouse are all part of Carlton’s fabric and just a quick tram ride from the CBD.
Given all the factors involved, it’s no surprise the property market in Carlton is busy. The increase in apartment developments means buying into this highly sought after location may not be as unachievable as it may seem.
A 2 bedroom apartment will cost around $510k with a similar rental costing around $510 p/w.