Carnegie vs Wye River
Property investment comparison - Carnegie, VIC 3163 vs Wye River, VIC 3234
Head-to-head across core investment metrics: Carnegie wins 1, Wye River 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 | Carnegie | Wye River |
|---|---|---|
| Median house price | $1.7M | $1.7M |
| Median unit price | $640K | $410K |
| Gross rental yield (houses) | 2.86% | 2.92% |
| Gross rental yield (units) | 4.89% | - |
| 1-year house growth | +1.0% | - |
| 3-year house growth | +0.1% | - |
| Vacancy rate | 2.0% | - |
| Population | 17,909 | 67 |
Carnegie vs Wye River: what the numbers say
The median house price is $1.7M in Carnegie and $1.7M in Wye River, so Carnegie is the cheaper entry point, with Wye River houses about 4% dearer.
For units, Carnegie sits at a median of $640K against $410K in Wye River, which makes Wye River the more affordable unit market and Carnegie the pricier one.
On cash flow, Wye River leads: houses there return a gross rental yield of 2.92%, compared with 2.86% in Carnegie, a gap of 0.06 percentage points.
Carnegie is the bigger suburb, with a population of 17,909 against 67, roughly 267 times the size of Wye River; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wye River for rental income, Carnegie for a lower purchase price. 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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