Carlton North vs Moonee Ponds
Property investment comparison - Carlton North, VIC 3054 vs Moonee Ponds, VIC 3039
Head-to-head across core investment metrics: Carlton North wins 2, Moonee Ponds wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Carlton North | Moonee Ponds |
|---|---|---|
| Median house price | $1.5M | $1.6M |
| Median unit price | $690K | - |
| Gross rental yield (houses) | 2.90% | - |
| Gross rental yield (units) | 4.67% | 4.89% |
| 1-year house growth | -3.7%estimate | +3.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.6% | 1.3% |
| Population | 6,177 | 16,224 |
Carlton North vs Moonee Ponds: what the numbers say
The median house price is $1.5M in Carlton North and $1.6M in Moonee Ponds, so Carlton North is the cheaper entry point, with Moonee Ponds houses about 1% dearer.
Over the past year house prices moved -3.7% in Carlton North (an estimate) and +3.1% in Moonee Ponds (an estimate), so recent momentum favours Moonee Ponds, while Carlton North went backwards.
Rental vacancy is 0.6% in Carlton North and 1.3% in Moonee Ponds, so landlords in Carlton North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Moonee Ponds is the bigger suburb, with a population of 16,224 against 6,177, roughly 2.6 times the size of Carlton North; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carlton North for a lower purchase price, Moonee Ponds for recent price momentum, Carlton North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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