Kiama Heights vs Milperra
Property investment comparison - Kiama Heights, NSW 2533 vs Milperra, NSW 2214
Head-to-head across core investment metrics: Kiama Heights wins 1, Milperra wins 2. 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 | Kiama Heights | Milperra |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | $850K | - |
| Gross rental yield (houses) | 3.00% | 3.50% |
| Gross rental yield (units) | 3.99% | - |
| 1-year house growth | -1.4%estimate | +7.7% |
| 3-year house growth | - | +25.3% |
| Vacancy rate | 3.7% | 4.2% |
| Population | 878 | 4,074 |
Kiama Heights vs Milperra: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.6M in Kiama Heights and $1.6M in Milperra.
On cash flow, Milperra leads: houses there return a gross rental yield of 3.50%, compared with 3.00% in Kiama Heights, a gap of 0.50 percentage points.
Over the past year house prices moved -1.4% in Kiama Heights (an estimate) and +7.7% in Milperra, so recent momentum favours Milperra, while Kiama Heights went backwards.
Rental vacancy is 3.7% in Kiama Heights and 4.2% in Milperra, so landlords in Kiama Heights face less competition for tenants.
Milperra is the bigger suburb, with a population of 4,074 against 878, roughly 4.6 times the size of Kiama Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Milperra for rental income, Milperra for recent price momentum, Kiama Heights 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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