Carlton North vs Fitzroy North

Fitzroy North (median $1,790,500) is roughly 2% cheaper to buy into than Carlton North ($1,826,000).

Buying in Carlton North or Fitzroy North?

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Selling in Carlton North? The free selling guide

Carlton North and Fitzroy North side by side

MeasureCarlton NorthFitzroy North
Price and market
Median house$1,826,000$1,790,500
Median unit$781,500$626,500
Renting
House rent$950/wk$998/wk
Unit rent$600/wk$690/wk
Owner occupied47.0%47.0%
Renter occupied50.0%49.0%
Schools
Schools nearby2020
Average ICSEA11041130
Lifestyle and people
Walk score100100
Transit score90100
Bike score100100
Population6,17712,781
Median age3336
Climate
Annual rainfall582 mm611 mm
Mean max, January26.9°C27.0°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

On school quality, the average ICSEA across schools serving Fitzroy North (1130) sits above Carlton North (1104).

For buyers
Fitzroy North is the lower entry point at $1,790,500 median, 2% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Fitzroy North offers the higher gross rental yield (2.90% vs 2.71%), favouring cash-flow investors.
For families
Fitzroy North edges out on average school ICSEA (1130 vs 1104).

Carlton North vs Fitzroy North: common questions

Is Carlton North or Fitzroy North cheaper to buy in?

Fitzroy North has the lower median house price at $1,790,500, roughly 2% below Carlton North ($1,826,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Carlton North or Fitzroy North have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Fitzroy North scores 1130 vs 1104 in Carlton North. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which suburb has higher rental yield, Carlton North or Fitzroy North?

Gross rental yield on houses is 2.90% in Fitzroy North vs 2.71% in Carlton North. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.