Millbridge vs Silver Sands

Houses cost about the same in both suburbs: the median house price is $915K in Millbridge and $915K in Silver Sands.

On cash flow, Millbridge leads: houses there return a gross rental yield of 4.11%, compared with 3.75% in Silver Sands, a gap of 0.36 percentage points.

Over the past year house prices moved +16.6% in Millbridge and +20.5% in Silver Sands, so recent momentum favours Silver Sands, although both suburbs recorded growth.

Looking back three years, Millbridge houses are +66.2% and Silver Sands houses +64.8%, so Millbridge has compounded faster than Silver Sands over the longer window.

Rental vacancy is 1.7% in Millbridge and 2.6% in Silver Sands, so landlords in Millbridge face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Millbridge is the bigger suburb, with a population of 2,736 against 1,451, larger than Silver Sands; a larger suburb usually means a deeper pool of buyers and tenants.

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