Carroll vs Wellington
Property investment comparison - Carroll, NSW 2340 vs Wellington, NSW 2820
Head-to-head across core investment metrics: Carroll wins 2, Wellington wins 3. 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 | Wellington |
|---|---|---|
| Median house price | $385K | $380K |
| Median unit price | $365K | $425K |
| Gross rental yield (houses) | 5.12% | 6.41% |
| Gross rental yield (units) | 5.99% | 4.05% |
| 1-year house growth | - | +20.1% |
| 3-year house growth | - | +32.5% |
| Vacancy rate | 2.1% | 1.3% |
| Population | 305 | 4,096 |
Carroll vs Wellington: what the numbers say
The median house price is $385K in Carroll and $380K in Wellington, so Wellington is the cheaper entry point, with Carroll houses about 1% dearer.
For units, Carroll sits at a median of $365K against $425K in Wellington, which makes Carroll the more affordable unit market and Wellington the pricier one.
On cash flow, Wellington leads: houses there return a gross rental yield of 6.41%, compared with 5.12% in Carroll, a gap of 1.29 percentage points.
Rental vacancy is 1.3% in Wellington and 2.1% in Carroll, so landlords in Wellington face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wellington is the bigger suburb, with a population of 4,096 against 305, roughly 13 times the size of Carroll; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wellington for rental income, Wellington for a lower purchase price, Wellington 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison