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Harrington Park vs Milperra

Property investment comparison - Harrington Park, NSW 2567 vs Milperra, NSW 2214

Head-to-head across core investment metrics: Harrington Park wins 1, Milperra 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.

MetricHarrington ParkMilperra
Median house price$1.6M$1.6M
Median unit price$895K-
Gross rental yield (houses)2.85%3.50%
Gross rental yield (units)3.43%-
1-year house growth+7.0%+7.7%
3-year house growth+18.7%+25.3%
Vacancy rate2.1%4.2%
Population13,3324,074

Harrington Park vs Milperra: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.6M in Harrington Park and $1.6M in Milperra.

On cash flow, Milperra leads: houses there return a gross rental yield of 3.50%, compared with 2.85% in Harrington Park, a gap of 0.65 percentage points.

Over the past year house prices moved +7.0% in Harrington Park and +7.7% in Milperra, so recent momentum favours Milperra, although both suburbs recorded growth.

Looking back three years, Harrington Park houses are +18.7% and Milperra houses +25.3%, so Milperra has compounded faster than Harrington Park over the longer window.

Rental vacancy is 2.1% in Harrington Park and 4.2% in Milperra, so landlords in Harrington Park face less competition for tenants.

Harrington Park is the bigger suburb, with a population of 13,332 against 4,074, roughly 3.3 times the size of Milperra; a larger suburb usually means a deeper pool of buyers and tenants.

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

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