Carrum vs Rokeby
Property investment comparison - Carrum, VIC 3197 vs Rokeby, VIC 3821
Head-to-head across core investment metrics: Carrum wins 2, Rokeby 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 | Rokeby |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $830K | - |
| Gross rental yield (houses) | 3.33% | - |
| Gross rental yield (units) | 4.20% | - |
| 1-year house growth | +8.9% | +4.9% |
| 3-year house growth | +4.6% | - |
| Vacancy rate | 1.2% | 12.3% |
| Population | 4,239 | 213 |
Carrum vs Rokeby: what the numbers say
The median house price is $1.1M in Carrum and $1.1M in Rokeby, so Rokeby is the cheaper entry point, with Carrum houses about 1% dearer.
Over the past year house prices moved +8.9% in Carrum and +4.9% in Rokeby, so recent momentum favours Carrum, although both suburbs recorded growth.
Rental vacancy is 1.2% in Carrum and 12.3% in Rokeby, 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 213, roughly 20 times the size of Rokeby; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Rokeby 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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