Carlton vs Collingwood

Collingwood (median $1,403,500) is roughly 20% cheaper to buy into than Carlton ($1,761,500).

Buying in Carlton or Collingwood?

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Carlton and Collingwood side by side

MeasureCarltonCollingwood
Price and market
Median house$1,761,500$1,403,500
Median unit$332,500$660,000
Renting
House rent$950/wk$950/wk
Unit rent$670/wk$695/wk
Schools
Schools nearby2020
Average ICSEA10441066
Lifestyle and people
Walk score100100
Transit score100100
Bike score100100
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 Collingwood (1066) sits above Carlton (1044).

For buyers
Collingwood is the lower entry point at $1,403,500 median, 20% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Collingwood offers the higher gross rental yield (3.52% vs 2.80%), favouring cash-flow investors.
For families
Collingwood edges out on average school ICSEA (1066 vs 1044).

Carlton vs Collingwood: common questions

Is Carlton or Collingwood cheaper to buy in?

Collingwood has the lower median house price at $1,403,500, roughly 20% below Carlton ($1,761,500). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Carlton or Collingwood have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Collingwood scores 1066 vs 1044 in Carlton. 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 or Collingwood?

Gross rental yield on houses is 3.52% in Collingwood vs 2.80% in Carlton. 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.