Carlton Home Renovations And Extensions Projects
At some point, most homeowners will be faced with the question of whether to move or stay when their existing home no longer fulfils their needs. There are as many reasons to stay as there are to move on, however, if you have taken a long time to find the ideal location for your lifestyle there is a lot to gain by renovating or extending your home rather than going through the whole process again.
Circumstances in our lives cause changes that impel us to either bring our environment in alignment or abandon our location to find a better one. If you are happy with your lifestyle and the community you live in but your house no longer fulfils its purpose it makes sense to renovate or extend your home rather than uprooting and moving away from your comfortable and established home.
A home extension can add that extra space you need in the form of a bedroom, extra bathroom, or family room when your family expands. A major downside of moving to a new house is the immense costs involved in the sales process in addition to the money you may need to spend on getting your house ready for the market.
Another thing to consider is the stress factor. Selling and moving to a new home can be one of the most stressful experiences one can endure in life which is why many people choose to look for other alternatives before taking the plunge. If there are children involved it becomes even more stressful as they may have to give up established friendships and abandon their familiar surroundings in their community and at school.
Why Choose Carlton?
Carlton is a bookish hub that encompasses Carlton Gardens, Melbourne University, and the well-established Little Italy of Lygon Street amongst its many offerings. Locals and students mill around the heart and Italia-style soul of Lygon street to drink coffee, browse around Readings Bookstore, or catch the latest movie at the Nova Theatre.
Carlton is not only the perfect location for students it is also ideal for independent people who love the comfort of living in a tranquil suburb with easy access to the vibrant city of Melbourne.
Distance to
Distance from Melbourne
Carlton Demographics
The population of Carlton is around 19,000 of which just over 53% are independent youth, nearly 15% maturing and established independents, 8% were older independents with almost 17% being married.
The main occupations of people living in Carlton are around 43% professionals, 21% sales and administrative workers, 12% community and personal service workers, almost 10% managers, and nearly 7% technicians and trades workers.
Nearly 12% of all homes are fully owned, almsot 10% are in the process of being purchased by home loan mortgage while the median individual income is around $370 per week, the median household income is $635 per week and the median mortgage repayment is $1,900 per month.
Independant Youth
53.2%
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Maturing & Established Independence
14.7%
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Older Independence
8.6%
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Carlton Lifestyle
With its cultivated atmosphere from European heritage, enviable city-side location, and the buzz of university life, Carlton provides an ideal lifestyle for both the young and old. It is not only the ideal location for established families but also for independent professionals and students who love the vibrant entertainment that the close-by city of Melbourne has to offer.
Types of Homes In Carlton
Carlton Median House Prices
At a median house price of $1,442 million, Carlton is one of the more expensive inner-city suburbs of Melbourne. Based on a 5 year sales period Carlton has seen compound growth of 4.5%.
If you have decided that it would be better for you to renovate your home rather than move you will need the best-qualified team on your side. Contact us at Period Extensions & Designs today to discuss how our qualified team of designers and master luxury home builders can help you achieve the dream home you are looking for.
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Buy $1,257,500 |
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|---|---|---|
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2BR $1,025,000 |
3BR $1,312,500 |
4BR - |
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Buy $625 PW |
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|---|---|---|
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2BR $595 PW |
3BR $700PW |
4BR - |
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Buy $591,875 |
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1BR $415,000 |
2BR $599,500 |
3BR $1,146,500 |
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Buy $395 PW |
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1BR $343 PW |
2BR $450 PW |
3BR $725 PW |
Book A Free Consultation Today
One of our experienced designers will contact you to discuss your renovation or extension.