Carlton North vs Princes Hill
Carlton North is the younger of the two, with a median age of 33 against 39 in Princes Hill. In Carlton North, about half of households rent. In Princes Hill, most households own their home and about half of households are people living alone. Houses cost more in Princes Hill: a median of $1.91 million, against $1.5 million in Carlton North, though rent is higher in Carlton North. On these figures, Carlton North tends to suit young adults, share households, and buyers on a tighter budget.
Which one suits you?
There is no overall winner — the suburb that suits a family with school-age kids is routinely the wrong one for someone commuting into the city. So each of these answers its own question, against a checklist you can see, using the same figures in the tables below.
Families with school-age kids
Carlton North
ahead on 2 of the 6 things we measure here
- has more parks and reserves (5 vs 2)
- carries lower crime risk (74/100 vs 86/100)
Weighs schools, house stock, crime, parks, childcare, and who already lives there.
First-home buyers
Carlton North
ahead on 2 of the 3 things we measure here
- leaves households under less mortgage stress (24% vs 31%)
- has cheaper houses ($1,500,000 vs $1,905,000)
Weighs house prices, unit prices, and mortgage stress.
Renters
Princes Hill
ahead on the one thing that separates them
- has cheaper rent ($462/wk vs $552/wk)
Weighs rent, rental stress, and how much is for rent.
Commuting to the city
Princes Hill
ahead on 2 of the 4 things we measure here
- has a shorter drive in (12 min vs 17 min)
- is more walkable (97/100 vs 89/100)
Weighs distance, drive time, rail access, and walkability.
Downsizers and retirees
They split
one each way, out of the 5 things we measure here
- Carlton North has more GPs (4 vs 1)
- Princes Hill has more residents already 65 and over (20% vs 14%)
Weighs smaller dwellings, who already lives there, GPs, walkability, and crime.
Investors
Too close to call
Nothing among the 1 things we measure here separates them by enough to be worth acting on.
Weighs population growth.
Where they sit
Carlton North and Princes Hill drawn to the same scale. Both outlines are shown together, so the map answers whether they share a border and how their areas compare.
Bars start at zero. Scores, risks and rankings are drawn against their full 0–100 range; other rows are drawn in proportion to the larger of the two.
Side by side, out of 100
Risks are inverted — shown as safety and low exposure — so a longer bar always means better.
Demographics
Carlton North has more residents (6,177 vs 2,005); Carlton North rents higher ($552/wk vs $462/wk).
| Carlton North | Princes Hill | |
|---|---|---|
| Population | 6,177 +68% vs other | 2,005 |
| Population trend (2016 → 2021) | -2.0% | -5.7% |
| Median age | 33 | 39 |
| Median household income | $124,800/yr +8% vs other | $115,336/yr |
| Median weekly rent | $552/wk +16% vs other | $462/wk |
Age profile
Share of residents in each band, 2021 Census.
Bars are drawn against the largest share shown (28.5%).
Who lives together
Household composition, 2021 Census.
Who owns and who rents
Occupied private dwellings by tenure, 2021 Census.
Qualifications
Highest non-school qualification, residents 15+, 2021 Census.
Bars are drawn against the largest share shown (33.7%).
Where residents were born
Largest overseas birthplaces, as a share of all residents, 2021 Census. A dash means that country is not among the suburb's own eight largest.
Bars are drawn against the largest share shown (3.8%).
What people live in
Occupied private dwellings by structure, 2021 Census.
Property market
| Carlton North | Princes Hill | |
|---|---|---|
| Median house price | $1,500,000 | $1,905,000 |
| Median unit price | $660,000 | $690,000 |
| Median land price | — same for both | |
| Typical days to sell (houses) | 23 days from 56 sales | — |
House price by bedroom count
Only bed counts both suburbs published enough sales for. Sale counts are shown because the buckets differ in depth.
68 vs 10 sales
54 vs 15 sales
25 vs 15 sales
Zoning mix
| Carlton North | Princes Hill | |
|---|---|---|
| Residential | 47% | 87% |
| Infrastructure and transport | 28% | 6% |
| Parks and recreation | 23% | 7% |
| Commercial | 2% | 1% |
| Zoning sets what may be built, not what is there today. A single address can sit in a different zone to the suburb around it. Zones as at 2026-09. | ||
Development activity
| Carlton North | Princes Hill | |
|---|---|---|
| New dwellings approved | 4,715 across Melbourne | 1,675 across Yarra |
| Approvals change year on year | +195% | +646% |
Gross rental yield
| Carlton North | Princes Hill | |
|---|---|---|
| Houses | 2.8% $900/wk on $1.65M | — |
| Units | 4.6% $590/wk on $662K | — |
Ranking within VIC
| Carlton North | Princes Hill | |
|---|---|---|
| House price | Higher than 90% of VIC | Higher than 93% of VIC |
| Income | Higher than 93% of VIC | Higher than 87% of VIC |
| Schools | — same for both | |
| Walkability | Higher than 96% of VIC | Higher than 99% of VIC |
| Affordability | Higher than 21% of VIC | Higher than 11% of VIC |
| EV adoption | Higher than 95% of VIC same for both | |
| NBN connectivity | Higher than 100% of VIC same for both | |
| Rental yield (houses) | Higher than 8% of VIC | — |
| Rental yield (units) | Higher than 40% of VIC | — |
Liveability
Princes Hill is more walkable (97 vs 89); Carlton North scores higher overall (86 vs 81).
| Carlton North | Princes Hill | |
|---|---|---|
| Grade | A+ | A |
| Score | 86/100 | 81/100 |
| Socio-economic band | very advantaged area decile 10/10 same for both | |
Risk profile
Princes Hill carries more crime risk (86 vs 74).
| Carlton North | Princes Hill | |
|---|---|---|
| Bushfire | None 0/100 same for both | |
| Crime | High 74/100 | High 86/100 |
| Flood | Low 37/100 same for both | |
| Coastal erosion | None 0/100 same for both | |
| Aircraft noise | None 0/100 same for both | |
| Industrial facilities nearby | 19 within 5 km same for both | |
Schools
| Carlton North | Princes Hill | |
|---|---|---|
| Inside the suburb | 1 | 2 |
| Rated above peers | 0 same for both | |
| Rated at peers | 0 same for both | |
| Rated below peers | 1 | 2 |
| Universities within 10 km | 3 The University of Melbourne, 1.5 km same for both | |
| Full-time students aged 15–24 | 5.8% | 5.4% |
Schools in Carlton North
- Carlton North Primary School Government · Primary below peers
Schools in Princes Hill
- Princes Hill Primary School Government · Primary below peers
- Princes Hill Secondary College Government · Secondary below peers
Amenities in the suburb
| Carlton North | Princes Hill | |
|---|---|---|
| Cafes & restaurants | 24 | 0 |
| Parks & reserves | 5 | 2 |
| Childcare | 3 | 2 |
| GPs | 4 | 1 |
| Pharmacies | 2 | 0 |
| Banks & Bank@Post | 0 | 1 |
Mobility
| Carlton North | Princes Hill | |
|---|---|---|
| Walkability score | 89/100 | 97/100 |
| Distance to Melbourne | 4.3 km same for both | |
| Drive time (normal traffic) | 17 min | 12 min |
| Public transport score | 96/100 Tram · Bus | 81/100 Tram |
| Peak arrivals per hour | 246.5 7-9am + 5-7pm | 29.0 7-9am + 5-7pm |
| Median peak wait | 0 min scheduled, not actual | 1 min scheduled, not actual |
| Electric vehicle share | 2.2% postcode 3054 same for both | |
| Rooftop solar per 100 dwellings | 12 postcode 3054 same for both | |
How people get to work
Method of travel on census day 2021 — which fell during COVID restrictions, so working from home is inflated and every travel mode understated.
Bars are drawn against the largest share shown (54.1%).
Setting
| Carlton North | Princes Hill | |
|---|---|---|
| Elevation | 42 m above sea level, at the suburb centre | 44 m above sea level, at the suburb centre |
| Distance to the ocean | 6.9 km | 7.3 km |
NBN connectivity
| Carlton North | Princes Hill | |
|---|---|---|
| Connectivity score | 100/100 same for both | |
| Most common technology | Fibre to the premises same for both | |
| Full-fibre (FTTP) share | 99% 3,415 premises | 100% 1,069 premises |
Climate
| Carlton North | Princes Hill | |
|---|---|---|
| Annual rainfall | 534 mm same for both | |
| Summer max (Jan) | 26.7°C same for both | |
| Winter min (Jul) | 6.5°C same for both | |
Air quality (annual mean)
| Carlton North | Princes Hill | |
|---|---|---|
| PM2.5 | 7.9 µg/m³ same for both | |
| PM10 | — same for both | |
| NO₂ | — same for both | |
Council rates
| Carlton North | Princes Hill | |
|---|---|---|
| Average residential rate | $2,345/yr | $1,937/yr |
| Council | Melbourne | Yarra |
Federal electorate
| Carlton North | Princes Hill | |
|---|---|---|
| Division | Wills same for both | |
| Member | Peter Khalil same for both | |
| Party | Australian Labor Party same for both | |
First Home Owner Grant
| Carlton North | Princes Hill | |
|---|---|---|
| Grant amount | $10,000 same for both | |
| Property price cap | $750,000 same for both | |
| Eligibility | New same for both | |
Tags
Carlton North
Princes Hill
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Information shown is provided as-is from Australian government and commercial data sources.
Always verify with the relevant authority before making property decisions.
See Data Sources and How We Calculate for details.