Aintree vs Milltown
Property investment comparison - Aintree, VIC 3336 vs Milltown, VIC 3304
Head-to-head across core investment metrics: Aintree wins 1, Milltown wins 3. 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 | Aintree | Milltown |
|---|---|---|
| Median house price | $705K | - |
| Median unit price | $575K | $395K |
| Gross rental yield (houses) | 3.98% | 5.22% |
| Gross rental yield (units) | 2.49% | 2.24% |
| 1-year house growth | +1.1% | - |
| 3-year house growth | -3.9% | - |
| Vacancy rate | 14.5% | 0.5% |
| Population | 7,982 | 46 |
Aintree vs Milltown: what the numbers say
For units, Aintree sits at a median of $575K against $395K in Milltown, which makes Milltown the more affordable unit market and Aintree the pricier one.
On cash flow, Milltown leads: houses there return a gross rental yield of 5.22%, compared with 3.98% in Aintree, a gap of 1.24 percentage points.
Rental vacancy is 0.5% in Milltown and 14.5% in Aintree, so landlords in Milltown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Aintree is the bigger suburb, with a population of 7,982 against 46, roughly 174 times the size of Milltown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Milltown for rental income, Milltown 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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