Miller vs Tahmoor

The median house price is $990K in Miller and $985K in Tahmoor, so Tahmoor is the cheaper entry point, with Miller houses about 1% dearer.

For units, Miller sits at a median of $1M against $670K in Tahmoor, which makes Tahmoor the more affordable unit market and Miller the pricier one.

On cash flow, Tahmoor leads: houses there return a gross rental yield of 3.40%, compared with 3.15% in Miller, a gap of 0.25 percentage points.

Over the past year house prices moved +11.9% in Miller and +9.1% in Tahmoor (an estimate), so recent momentum favours Miller, although both suburbs recorded growth.

Rental vacancy is 1.3% in Miller and 3.5% in Tahmoor, so landlords in Miller face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Tahmoor is the bigger suburb, with a population of 5,777 against 3,374, larger than Miller; a larger suburb usually means a deeper pool of buyers and tenants.

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