Bundaberg West vs Millbank

Houses cost about the same in both suburbs: the median house price is $630K in Bundaberg West and $630K in Millbank.

On cash flow, Millbank leads: houses there return a gross rental yield of 4.88%, compared with 4.80% in Bundaberg West, a gap of 0.08 percentage points.

Over the past year house prices moved +17.7% in Bundaberg West and +16.4% in Millbank, so recent momentum favours Bundaberg West, although both suburbs recorded growth.

Looking back three years, Bundaberg West houses are +67.5% and Millbank houses +67.3%, so Bundaberg West has compounded faster than Millbank over the longer window.

Rental vacancy is 0.9% in Bundaberg West and 1.9% in Millbank, so landlords in Bundaberg West face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bundaberg West is the bigger suburb, with a population of 2,596 against 2,499, larger than Millbank; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Millbank for rental income, Bundaberg West for recent price momentum, Bundaberg West for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.