Milperra vs Yarrawarrah
Property investment comparison - Milperra, NSW 2214 vs Yarrawarrah, NSW 2233
Head-to-head across core investment metrics: Milperra wins 4, Yarrawarrah 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 | Milperra | Yarrawarrah |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.50% | 3.17% |
| Gross rental yield (units) | - | 2.79% |
| 1-year house growth | +7.7% | +4.5% |
| 3-year house growth | +25.3% | +5.5% |
| Vacancy rate | 4.2% | 2.1% |
| Population | 4,074 | 2,775 |
Milperra vs Yarrawarrah: what the numbers say
The median house price is $1.6M in Milperra and $1.6M in Yarrawarrah, so Milperra is the cheaper entry point.
On cash flow, Milperra leads: houses there return a gross rental yield of 3.50%, compared with 3.17% in Yarrawarrah, a gap of 0.33 percentage points.
Over the past year house prices moved +7.7% in Milperra and +4.5% in Yarrawarrah, so recent momentum favours Milperra, although both suburbs recorded growth.
Looking back three years, Milperra houses are +25.3% and Yarrawarrah houses +5.5%, so Milperra has compounded faster than Yarrawarrah over the longer window.
Rental vacancy is 2.1% in Yarrawarrah and 4.2% in Milperra, so landlords in Yarrawarrah face less competition for tenants.
Milperra is the bigger suburb, with a population of 4,074 against 2,775, larger than Yarrawarrah; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Milperra for rental income, Milperra for a lower purchase price, Milperra for recent price momentum, Yarrawarrah for the tighter rental market. 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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