Millfield vs Narellan

Houses cost about the same in both suburbs: the median house price is $1.1M in Millfield and $1.1M in Narellan.

For units, Millfield sits at a median of $465K against $770K in Narellan, which makes Millfield the more affordable unit market and Narellan the pricier one.

On cash flow, Narellan leads: houses there return a gross rental yield of 3.21%, compared with 2.43% in Millfield, a gap of 0.78 percentage points.

Over the past year house prices moved +10.2% in Millfield (an estimate) and +6.9% in Narellan, so recent momentum favours Millfield, although both suburbs recorded growth.

Rental vacancy is 1.3% in Millfield and 2.4% in Narellan, so landlords in Millfield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Narellan is the bigger suburb, with a population of 3,358 against 1,282, roughly 2.6 times the size of Millfield; a larger suburb usually means a deeper pool of buyers and tenants.

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