Carlton vs Myrtle Creek
Property investment comparison - Carlton, VIC 3053 vs Myrtle Creek, VIC 3444
Head-to-head across core investment metrics: Carlton wins 2, Myrtle Creek wins 0. 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 | Myrtle Creek |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.60% | - |
| Gross rental yield (units) | 7.16% | - |
| 1-year house growth | -1.5% | - |
| 3-year house growth | -15.8% | - |
| Vacancy rate | 1.1% | 2.8% |
| Population | 16,055 | 68 |
Carlton vs Myrtle Creek: what the numbers say
The median house price is $1.4M in Carlton and $1.4M in Myrtle Creek, so Carlton is the cheaper entry point.
Rental vacancy is 1.1% in Carlton and 2.8% in Myrtle Creek, so landlords in Carlton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Carlton is the bigger suburb, with a population of 16,055 against 68, roughly 236 times the size of Myrtle Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carlton for a lower purchase price, Carlton 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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