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Miller, NSW 2168
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$990,000
market range $925K-$1.2M
Median Unit
$1,000,000
market range $700K-$1.0M
Gross Yield (houses)
3.1%
1yr Growth (houses)
+11.9%
market range +5.0% to +17.5%
Investment snapshot for Miller
Miller has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Miller market and investor summary
Miller (NSW 2168) runs a median house price of $990K, with houses yielding a gross 3.1%. House prices have moved +11.9% over the past year and +26.2% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Miller: people, income and schools
About 3,374 people live in Miller, a number that has held fairly steady over five years. The median age is 35, broadly working-age, with renters making up 64% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $43,000 a year, or roughly $830 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 23.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 65 schools within about 5km, testing below the national school average on ICSEA. It is roughly 31 km from the CBD. It is fairly car-dependent; the suburb scores 47 for walkability and 16 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,374
- +0% over 5yr
- Median age
- 35 years
- Median household income
- $43,000/yr
- Households renting
- 64%
- Family households
- 63%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 65
- avg ICSEA 907
- Unemployment
- 8.8%
- Distance to CBD
- 31 km
- Walk score
- 47/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Miller
View all →Frequently asked questions about Miller
What should I check before investing in Miller?
Miller has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.9% in the past year shows strong recent price momentum. 3-year capital growth of +26.2% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Miller?
The median property price in Miller, NSW 2168 is $990K for houses and $1M for units.
What rental yield does Miller show?
The gross rental yield in Miller is 3.1% for houses and 3.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Miller?
House prices in Miller are up 11.9% over the past year and up 26.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Miller?
The current vacancy rate in Miller is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Miller?
Miller has a population of approximately 3,374 residents, with a median age of 35.
What schools are near Miller?
There are 65 schools within roughly 5km of Miller. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Miller affordable to buy in?
A median house in Miller costs about 23.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Miller's population growing?
The population of Miller has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Miller from the CBD?
Miller is about 31 km from the CBD.
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