Carrum vs Mount Lonarch
Property investment comparison - Carrum, VIC 3197 vs Mount Lonarch, VIC 3468
Head-to-head across core investment metrics: Carrum wins 2, Mount Lonarch 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 | Carrum | Mount Lonarch |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $830K | $95K |
| Gross rental yield (houses) | 3.33% | 1.70% |
| Gross rental yield (units) | 4.20% | 9.45% |
| 1-year house growth | +8.9% | - |
| 3-year house growth | +4.6% | - |
| Vacancy rate | 1.2% | 4.7% |
| Population | 4,239 | 44 |
Carrum vs Mount Lonarch: 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 Mount Lonarch.
For units, Carrum sits at a median of $830K against $95K in Mount Lonarch, which makes Mount Lonarch 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 1.70% in Mount Lonarch, a gap of 1.63 percentage points.
Rental vacancy is 1.2% in Carrum and 4.7% in Mount Lonarch, 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 44, roughly 96 times the size of Mount Lonarch; 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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