Carrum vs Dean
Property investment comparison - Carrum, VIC 3197 vs Dean, VIC 3352
Head-to-head across core investment metrics: Carrum wins 2, Dean 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 | Dean |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $830K | $70K |
| Gross rental yield (houses) | 3.33% | 2.36% |
| Gross rental yield (units) | 4.20% | - |
| 1-year house growth | +8.9% | - |
| 3-year house growth | +4.6% | - |
| Vacancy rate | 1.2% | 1.7% |
| Population | 4,239 | 132 |
Carrum vs Dean: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Carrum and $1.1M in Dean.
For units, Carrum sits at a median of $830K against $70K in Dean, which makes Dean the more affordable unit market and Carrum the pricier one.
On cash flow, Carrum leads: houses there return a gross rental yield of 3.33%, compared with 2.36% in Dean, a gap of 0.97 percentage points.
Rental vacancy is 1.2% in Carrum and 1.7% in Dean, so landlords in Carrum face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Carrum is the bigger suburb, with a population of 4,239 against 132, roughly 32 times the size of Dean; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Carrum for rental income, 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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