Carrum vs Coburg North
Property investment comparison - Carrum, VIC 3197 vs Coburg North, VIC 3058
Head-to-head across core investment metrics: Carrum wins 4, Coburg North wins 1. 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 | Carrum | Coburg North |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $830K | - |
| Gross rental yield (houses) | 3.33% | 3.20% |
| Gross rental yield (units) | 4.20% | 4.67% |
| 1-year house growth | +8.9% | -0.2%estimate |
| 3-year house growth | +4.6% | - |
| Vacancy rate | 1.2% | 1.3% |
| Population | 4,239 | 8,327 |
Carrum vs Coburg North: what the numbers say
The median house price is $1.1M in Carrum and $1.1M in Coburg North, so Carrum is the cheaper entry point.
On cash flow, Carrum leads: houses there return a gross rental yield of 3.33%, compared with 3.20% in Coburg North, a gap of 0.13 percentage points.
Over the past year house prices moved +8.9% in Carrum and -0.2% in Coburg North (an estimate), so recent momentum favours Carrum, while Coburg North went backwards.
Rental vacancy is 1.2% in Carrum and 1.3% in Coburg North, so landlords in Carrum face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Coburg North is the bigger suburb, with a population of 8,327 against 4,239, larger than Carrum; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carrum for rental income, Carrum for a lower purchase price, Carrum for recent price momentum, Carrum 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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