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Carlyle vs St Albans Park

Property investment comparison - Carlyle, VIC 3685 vs St Albans Park, VIC 3219

Head-to-head across core investment metrics: Carlyle wins 4, St Albans Park 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.

MetricCarlyleSt Albans Park
Median house price$700K$700K
Median unit price$310K$490K
Gross rental yield (houses)4.01%3.89%
Gross rental yield (units)5.91%4.20%
1-year house growth-+13.1%
3-year house growth-+19.8%
Vacancy rate0.2%0.9%
Population824,942

Carlyle vs St Albans Park: what the numbers say

Houses cost about the same in both suburbs: the median house price is $700K in Carlyle and $700K in St Albans Park.

For units, Carlyle sits at a median of $310K against $490K in St Albans Park, which makes Carlyle the more affordable unit market and St Albans Park the pricier one.

On cash flow, Carlyle leads: houses there return a gross rental yield of 4.01%, compared with 3.89% in St Albans Park, a gap of 0.12 percentage points.

Rental vacancy is 0.2% in Carlyle and 0.9% in St Albans Park, so landlords in Carlyle face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

St Albans Park is the bigger suburb, with a population of 4,942 against 82, roughly 60 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.

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