Carboor vs Newtown
Property investment comparison - Carboor, VIC 3678 vs Newtown, VIC 3220
Head-to-head across core investment metrics: Carboor wins 0, Newtown 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 | Carboor | Newtown |
|---|---|---|
| Median house price | $1.2M | $1.1M |
| Median unit price | - | $580K |
| Gross rental yield (houses) | - | 2.96% |
| Gross rental yield (units) | - | 4.25% |
| 1-year house growth | - | +3.8% |
| 3-year house growth | - | -9.9% |
| Vacancy rate | 2.8% | 0.8% |
| Population | 97 | 10,445 |
Carboor vs Newtown: what the numbers say
The median house price is $1.2M in Carboor and $1.1M in Newtown, so Newtown is the cheaper entry point, with Carboor houses about 1% dearer.
Rental vacancy is 0.8% in Newtown and 2.8% in Carboor, so landlords in Newtown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Newtown is the bigger suburb, with a population of 10,445 against 97, roughly 108 times the size of Carboor; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Newtown for a lower purchase price, Newtown 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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