Carlton North vs Williamstown
Property investment comparison - Carlton North, VIC 3054 vs Williamstown, VIC 3016
Head-to-head across core investment metrics: Carlton North wins 3, Williamstown 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 | Williamstown |
|---|---|---|
| Median house price | $1.5M | $1.6M |
| Median unit price | $690K | $640K |
| Gross rental yield (houses) | 2.90% | - |
| Gross rental yield (units) | 4.67% | 4.30% |
| 1-year house growth | -3.7%estimate | +3.3% |
| 3-year house growth | - | -1.6% |
| Vacancy rate | 0.6% | 1.4% |
| Population | 6,177 | 14,407 |
Carlton North vs Williamstown: what the numbers say
The median house price is $1.5M in Carlton North and $1.6M in Williamstown, so Carlton North is the cheaper entry point, with Williamstown houses about 2% dearer.
For units, Carlton North sits at a median of $690K against $640K in Williamstown, which makes Williamstown the more affordable unit market and Carlton North the pricier one.
Over the past year house prices moved -3.7% in Carlton North (an estimate) and +3.3% in Williamstown, so recent momentum favours Williamstown, while Carlton North went backwards.
Rental vacancy is 0.6% in Carlton North and 1.4% in Williamstown, 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.
Williamstown is the bigger suburb, with a population of 14,407 against 6,177, roughly 2.3 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, Williamstown 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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