Miller vs Yamba

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

For units, Miller sits at a median of $1M against $780K in Yamba, which makes Yamba the more affordable unit market and Miller the pricier one.

On cash flow, Yamba leads: houses there return a gross rental yield of 3.59%, compared with 3.15% in Miller, a gap of 0.44 percentage points.

Over the past year house prices moved +11.9% in Miller and +4.7% in Yamba, so recent momentum favours Miller, although both suburbs recorded growth.

Looking back three years, Miller houses are +26.2% and Yamba houses +11.9%, so Miller has compounded faster than Yamba over the longer window.

Rental vacancy is 1.2% in Yamba and 1.3% in Miller, so landlords in Yamba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Yamba is the bigger suburb, with a population of 6,405 against 3,374, larger than Miller; a larger suburb usually means a deeper pool of buyers and tenants.

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