Carool vs Piggabeen

Piggabeen (median $1,690,000) is roughly 22% cheaper to buy into than Carool ($2,175,000).

Buying in Carool or Piggabeen?

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Carool and Piggabeen side by side

MeasureCaroolPiggabeen
Price and market
Median house$2,175,000$1,690,000
Median unit$299,520$299,520
House price change, 12 months–-18.6%
Renting
House rent$950/wk$950/wk
Unit rent$690/wk$690/wk
Owner occupied66.0%83.0%
Renter occupied22.0%16.0%
Schools
Schools nearby920
Average ICSEA10091018
Lifestyle and people
Walk score00
Transit score00
Bike score00
Population204333
Median age4943
Climate
Annual rainfall1857 mm1635 mm
Mean max, January28.4°C28.7°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

On school quality, the average ICSEA across schools serving Piggabeen (1018) sits above Carool (1009). Piggabeen skews owner-occupied (83%), Carool runs more rental-dense (66% owner).

For buyers
Piggabeen is the lower entry point at $1,690,000 median, 22% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Piggabeen offers the higher gross rental yield (2.92% vs 2.27%), favouring cash-flow investors.
For families
Piggabeen edges out on average school ICSEA (1018 vs 1009). Piggabeen also has a higher family-household share (82% vs 69%), so the catchment community skews family-heavy.

Carool vs Piggabeen: common questions

Is Carool or Piggabeen cheaper to buy in?

Piggabeen has the lower median house price at $1,690,000, roughly 22% below Carool ($2,175,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Carool or Piggabeen have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Piggabeen scores 1018 vs 1009 in Carool. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which suburb has higher rental yield, Carool or Piggabeen?

Gross rental yield on houses is 2.92% in Piggabeen vs 2.27% in Carool. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.