Clear Mountain vs Milton

The median house price is $1.8M in Clear Mountain and $1.8M in Milton, so Clear Mountain is the cheaper entry point, with Milton houses about 1% dearer.

For units, Clear Mountain sits at a median of $400K against $780K in Milton, which makes Clear Mountain the more affordable unit market and Milton the pricier one.

On cash flow, Milton leads: houses there return a gross rental yield of 2.74%, compared with 2.03% in Clear Mountain, a gap of 0.71 percentage points.

Over the past year house prices moved +13.2% in Clear Mountain and +23.0% in Milton (an estimate), so recent momentum favours Milton, although both suburbs recorded growth.

Rental vacancy is 0.3% in Clear Mountain and 0.7% in Milton, so landlords in Clear Mountain face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Milton is the bigger suburb, with a population of 3,144 against 807, roughly 3.9 times the size of Clear Mountain; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Milton for rental income, Clear Mountain for a lower purchase price, Milton for recent price momentum, Clear Mountain for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.