Carlyle vs Cowes
Property investment comparison - Carlyle, VIC 3685 vs Cowes, VIC 3922
Head-to-head across core investment metrics: Carlyle wins 3, Cowes 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 | Carlyle | Cowes |
|---|---|---|
| Median house price | $700K | $700K |
| Median unit price | $310K | $555K |
| Gross rental yield (houses) | 4.01% | 3.79% |
| Gross rental yield (units) | 5.91% | - |
| 1-year house growth | - | -2.1% |
| 3-year house growth | - | -12.5% |
| Vacancy rate | 0.2% | 1.5% |
| Population | 82 | 6,593 |
Carlyle vs Cowes: what the numbers say
Houses cost about the same in both suburbs: the median house price is $700K in Carlyle and $700K in Cowes.
For units, Carlyle sits at a median of $310K against $555K in Cowes, which makes Carlyle the more affordable unit market and Cowes the pricier one.
On cash flow, Carlyle leads: houses there return a gross rental yield of 4.01%, compared with 3.79% in Cowes, a gap of 0.22 percentage points.
Rental vacancy is 0.2% in Carlyle and 1.5% in Cowes, so landlords in Carlyle face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cowes is the bigger suburb, with a population of 6,593 against 82, roughly 80 times the size of Carlyle; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carlyle for rental income, Carlyle 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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