Carlton vs St Leonards
Property investment comparison - Carlton, TAS 7173 vs St Leonards, TAS 7250
Head-to-head across core investment metrics: Carlton wins 1, St Leonards 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 | St Leonards |
|---|---|---|
| Median house price | $690K | $695K |
| Median unit price | $1.2M | - |
| Gross rental yield (houses) | - | 4.60% |
| Gross rental yield (units) | - | 4.95% |
| 1-year house growth | +20.2%estimate | +21.1%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.9% | 0.5% |
| Population | 1,363 | 2,351 |
Carlton vs St Leonards: what the numbers say
The median house price is $690K in Carlton and $695K in St Leonards, so Carlton is the cheaper entry point, with St Leonards houses about 1% dearer.
Over the past year house prices moved +20.2% in Carlton (an estimate) and +21.1% in St Leonards (an estimate), so recent momentum favours St Leonards, although both suburbs recorded growth.
Rental vacancy is 0.5% in St Leonards and 0.9% in Carlton, so landlords in St Leonards face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
St Leonards is the bigger suburb, with a population of 2,351 against 1,363, larger than Carlton; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carlton for a lower purchase price, St Leonards for recent price momentum, St Leonards 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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