Carroll NSW

Postcode 2340 · Gunnedah LGA

Carroll is a quiet locality in New South Wales within the Gunnedah local government area (postcode 2340). With a population of 305, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $79K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.

The median house price in Carroll is $190,000, having grown strongly 5.6% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 13.1%. The median monthly mortgage repayment is $988.

Carroll is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Gunnedah LGA is moderate at 6,720 incidents per 100,000 population.

From an investment perspective, Carroll offers a gross rental yield of 13.1%, rated as high yield. Property prices sit below the state median ($190K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved +5.6% year-on-year.

INVESTMENT SIGNALS
Rental Yield13.1% High Yield
Price vs State$190K/$1.5M Below Median
Affordability2.4x Affordable
Price Momentum+5.6% Rising
SEIFA INDEX (ABS)
Advantage3/10
Education4/10
Economic4/10
Disadvantage3/10
MEDIAN HOUSE
$190K
5.6% YoY
MEDIAN RENT /WK
$220
POPULATION
305
DEMOGRAPHICS
Median Age37
Household Size2.7
HH Income /wk$1,524
Personal Income /wk$725
Mortgage /mth$988
CRIME (Gunnedah LGA)
Crime Rate (per 100k)6,720
Total Incidents900
TRANSPORT
Bus Stops16
SCHOOLS (1)
Avg ICSEA987
Total Students46
Government1
Carroll Public SchoolPrimary · Government · ICSEA 987
Data: 2026