Carlton North vs Fitzroy.
Comparing two suburbs with median house prices of $1,826,000 and $1,815,000.
Fitzroy (median $1,815,000) is roughly 1% cheaper to buy into than Carlton North ($1,826,000).
On school quality, the average ICSEA across schools serving Carlton North (1104) sits above Fitzroy (1071).
For buyers
Fitzroy is the lower entry point at $1,815,000 median, 1% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Carlton North offers the higher gross rental yield (2.16% vs 2.01%), favouring cash-flow investors.
For families
Carlton North edges out on average school ICSEA (1104 vs 1071).
Common questions
Is Carlton North or Fitzroy cheaper to buy in?
Fitzroy has the lower median house price at $1,815,000, roughly 1% 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 have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Carlton North scores 1104 vs 1071 in Fitzroy. 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?
Gross rental yield on houses is 2.16% in Carlton North vs 2.01% in Fitzroy. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Carlton North against another suburb