Millfield vs Woy Woy
Property investment comparison - Millfield, NSW 2325 vs Woy Woy, NSW 2256
Head-to-head across core investment metrics: Millfield wins 3, Woy Woy wins 1. 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 | Millfield | Woy Woy |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $465K | $810K |
| Gross rental yield (houses) | 2.43% | 3.05% |
| Gross rental yield (units) | 4.84% | - |
| 1-year house growth | +10.2%estimate | +7.7% |
| 3-year house growth | - | +13.6% |
| Vacancy rate | 1.3% | 1.4% |
| Population | 1,282 | 11,072 |
Millfield vs Woy Woy: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Millfield and $1.1M in Woy Woy.
For units, Millfield sits at a median of $465K against $810K in Woy Woy, which makes Millfield the more affordable unit market and Woy Woy the pricier one.
On cash flow, Woy Woy leads: houses there return a gross rental yield of 3.05%, compared with 2.43% in Millfield, a gap of 0.62 percentage points.
Over the past year house prices moved +10.2% in Millfield (an estimate) and +7.7% in Woy Woy, so recent momentum favours Millfield, although both suburbs recorded growth.
Rental vacancy is the same in both, at 1.3%.
Woy Woy is the bigger suburb, with a population of 11,072 against 1,282, roughly 9 times the size of Millfield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Woy Woy for rental income, Millfield for recent price momentum. 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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