Carroll vs Lockhart
Property investment comparison - Carroll, NSW 2340 vs Lockhart, NSW 2656
Head-to-head across core investment metrics: Carroll wins 2, Lockhart 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 | Carroll | Lockhart |
|---|---|---|
| Median house price | $385K | $385K |
| Median unit price | $365K | $660K |
| Gross rental yield (houses) | 5.12% | 5.79% |
| Gross rental yield (units) | 5.99% | 2.10% |
| 1-year house growth | - | +11.6% |
| 3-year house growth | - | +35.5% |
| Vacancy rate | 2.1% | 0.7% |
| Population | 305 | 1,019 |
Carroll vs Lockhart: what the numbers say
Houses cost about the same in both suburbs: the median house price is $385K in Carroll and $385K in Lockhart.
For units, Carroll sits at a median of $365K against $660K in Lockhart, which makes Carroll the more affordable unit market and Lockhart the pricier one.
On cash flow, Lockhart leads: houses there return a gross rental yield of 5.79%, compared with 5.12% in Carroll, a gap of 0.67 percentage points.
Rental vacancy is 0.7% in Lockhart and 2.1% in Carroll, so landlords in Lockhart face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lockhart is the bigger suburb, with a population of 1,019 against 305, roughly 3.3 times the size of Carroll; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lockhart for rental income, Lockhart 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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