Carlton, VIC 3053

I have been selling mostly Student Accommodation, studio style apartments in Carlton over the last 18 years. Some of these are not restricted, so anyone can live in them now and due to their affordability, more first home buyers or investors after a good return are looking at this property sector once again.

The demand from overseas and local students looking for accommodation close to Melbourne University or RMIT is increasing. Vacancy rates are at an all-time low. The rental returns are up, back to levels higher than the pre-Covid days. This is increasing the returns to above 7% NET for these apartments, which you can buy for around the $165,000 price!

Most banks have a policy where they will not lend on apartments that are less than 40m2.
The CBA however, is the only bank that will lend money for apartments that are less than 40m2.
They will lend 80% of the purchase price to approved applicants.

If you are buying at around $165,000 and getting a 7.0 – 7.5% NET return with the current rental being $325 per week, as the rent increases, if selling with the same net return you will also get some capital growth after 3-5 years!

With the new train station being completed in between these apartments (on Leicester St and Barry St Carlton) and the Melbourne University, it will further add value to the area and firm up this property choice as a great addition to your investment portfolio or first foot into the real estate market.

If you want to speak with an agent that specializes in Student Accommodation apartments to see what property options are available, then please give Chilli Realty a call anytime
on 0402 335 005!

Nestled on the northern edge of Melbourne's CBD lies the charming suburb of Carlton, a cultural hub renowned for its vibrant atmosphere, rich history, and unparalleled lifestyle offerings. In this review, we'll explore why Carlton is the bee's knees of Melbourne living, captivating residents and visitors alike with its unique blend of charm and sophistication.
At the heart of Carlton beats a vibrant cultural pulse, shaped by its diverse community and rich heritage. From its iconic Italian influences to its thriving arts scene, the suburb exudes a palpable energy that draws people from all walks of life. Stroll down Lygon Street, affectionately known as "Little Italy," and you'll be greeted by a tantalizing array of trattorias, cafes, and gelaterias serving up authentic flavours and warm hospitality. Meanwhile, the nearby Carlton Gardens offer a serene escape from the hustle and bustle, providing a picturesque backdrop for leisurely picnics and outdoor gatherings.Home to the prestigious University of Melbourne, Carlton is a haven for scholars and intellectuals, fostering a dynamic academic environment that enriches the community. The university's historic campus, with its grand architecture and sprawling grounds, adds to the suburb's intellectual allure, attracting students and faculty from around the globe. Beyond academia, Carlton's proximity to leading research institutions and cultural landmarks further cements its reputation as a hub of innovation and learning.
For food enthusiasts, Carlton is a veritable paradise, offering a smorgasbord of culinary delights to tantalize the taste buds. From cozy cafes serving up artisanal coffee to Michelin-starred restaurants pushing the boundaries of gastronomy, there's no shortage of epicurean adventures to embark on. Whether you're craving traditional Italian fare, contemporary fusion cuisine,or international flavours from across the globe, Carlton's diverse dining scene has something to satisfy every palate.
With its tree-lined streets, charming terrace houses, and vibrant laneways, Carlton embodies the quintessential Melbourne lifestyle, where old-world charm meets modern sophistication. Residents enjoy a high quality of life, with an abundance of parks, recreational facilities, and cultural amenities right at their doorstep. The suburb's excellent public transportation network makes navigating the city a breeze, while its close-knit community fosters a sense of belonging and camaraderie among its diverse residents.Carlton stands out as a beacon of urban living, offering a perfect blend of culture, cuisine, and community that make it the bee's knees of Melbourne suburbs.Whether you're savouring a cappuccino on Lygon Street, exploring the historic laneways, or immersing yourself in the vibrant arts scene, there's no shortage of experiences to delight and inspire in this eclectic enclave. With its unparalleled charm and endless possibilities, Carlton truly embodies the essence of Melbourne living, making it a sought-after destination for those who seek the best that city life has to offer.

Great area if you want to be close to everything CBD, Queen Victoria Market etc.
However, the area is noisy, it only gets quiet late night

A great multicultural suburb with everything within reach. Close to plenty of great Greek and Italian restaurants and cafes and also a short tram ride to the city. Carlton is also a great place for uni student accommodation, as it is close to Melbourne University.

An incredibly convenient & pleasant place to Iive with great cafe, restaurant & retail options & multiple parks. Melbourne University & the nearby medical precinct drive strong demand for rental accommodation. A film at cinema Nova followed by dinner around the corner at Carlton Wine room is one my favourite Carlton activities. Adjoining the CBD it offers the opportunity to access all the CBD has to offer while being able to live in a far less dense residential environment. However at 13,600 resident per square km it is not far off greater Cario at 15,600! Its housing stock includes Victorian terraces, public housing, specialist student accommodation (increasing the density figures) & increasingly high end multi unit townhouses & apartments. Its easy access to the fresh food options at nearby Queen Victoria market is a bonus as is the short walk to hip & happening Fitzroy. Neighbouring Carlton North offers more historically consistent residential streetscapes & a less busy more "village" feel. Scott Hall - Buyers Advocate 0457 513 124

Where do I start with Carlton. It is a wonderful Suburb with so much to offer from great casual cafes to fine dining restaurants, beautiful boutique shops, quirky bars and much more. There are beautiful single and double fronted terrace style homes with nature strips in the centre of the road for neighbours to enjoy their coffee catch ups or enjoy the sunshine on the weekend.
It is walking distance to the CBD or short tram ride. Carlton boasts style and sophistication whilst also being one of Melbourne's most trendy and attractive suburbs to live, dine or visit.

Anna Molinaro, Property Manager OBrien Real Estate Blackburn

Melbourne University takes up a lot of the Carlton area, a lot of student accommodations perfect for overseas or local students to live somewhere close to where they study, so that they can have that little bit more sleep during the grilling university years.

Public transport and food are great in the Carlton area. If you are an student or a Investor, Carlton is a good choice.

Carlton is probably one of the Best Inner-City Suburb in Melbourne!

Lots of Designer Brand Shops, Cafes, Restaurants & Cinemas! & is also walking distance from the Victoria Markets, Melbourne University IMAX, & the Shopping Malls at the Melbourne CBD (e.g. Melbourne Central, QV etc.).

A great suburb for Couples & Students as this place is a another great Choice for me to live in Melbourne!

Carlton is a fantastic place to live. Everything that Lygon St has to offer ..... food, shops cinema, and only 5 minutes walk to the CBD! I have never felt uncomfortable nor unsafe in Carlton. The shops are always bustling, although not too busy, and the restaurants of a night time are vibrant. I cant think of a better place in Melbourne to live!
Traffic in Lygon Street can by a little busy, but certainly nothing like the street of other nearby areas such as Richmond etc. I have never had a problem getting a park - although I must admit, once you live in Carlton there is little need for a car....you can walk everywhere!

The streets and food and shopping and cinema are all my favourites in Melbourne.

Great restaurants and coffee

This is a beautiful area close to the city with abundant public transport.

You can easily walk to the Victoria Markets, Melbourne University and Melbourne CBD. This is a great location.

This is a vibrant part of town and a good meal isn't far away. Lygon street has a wealth of great eateries all within walking distance which means you can enjoy yourself.

Perfect inner city living for young professionals, couples and students.