Carlton vs Princes Hill

Carlton (median $1,761,500) is roughly 2% cheaper to buy into than Princes Hill ($1,800,000).

Buying in Carlton or Princes Hill?

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Carlton and Princes Hill side by side

MeasureCarltonPrinces Hill
Price and market
Median house$1,761,500$1,800,000
Median unit$332,500$411,840
Renting
House rent$950/wk–
Unit rent$670/wk–
Owner occupied–53.0%
Renter occupied–42.0%
Schools
Schools nearby2020
Average ICSEA10441125
Lifestyle and people
Walk score100100
Transit score10060
Bike score100100
Population–2,005
Median age–39
Climate
Annual rainfall582 mm582 mm
Mean max, January26.9°C26.9°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 Princes Hill (1125) sits above Carlton (1044).

For buyers
Carlton is the lower entry point at $1,761,500 median, 2% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
For families
Princes Hill edges out on average school ICSEA (1125 vs 1044).

Carlton vs Princes Hill: common questions

Is Carlton or Princes Hill cheaper to buy in?

Carlton has the lower median house price at $1,761,500, roughly 2% below Princes Hill ($1,800,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Carlton or Princes Hill have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Princes Hill scores 1125 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.