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Millers Forest, NSW 2324
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$960,000
list-price estimate
Median Unit
$530,000
Gross Yield (houses)
2.7%
1yr Growth (units)
+5.2%
estimate
Investment snapshot for Millers Forest
Millers Forest has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Millers Forest market and investor summary
In Millers Forest, NSW 2324, houses show a gross rental yield of 2.7%. At 1.4% 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 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 128 days on market, so plan for a slower exit if you ever need one.
Living in Millers Forest: people, income and schools
Millers Forest is home to around 357 people, and the area has been growing steadily, up about 7% over five years. The median age is 47, skewed a little older, and families account for 92% of households.
Households here earn a median of about $102,000 a year, or roughly $1,970 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 8 schools within about 5km, testing below the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 357
- +7% over 5yr
- Median age
- 47 years
- Median household income
- $102,000/yr
- Households renting
- 28%
- Family households
- 92%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 874
- Unemployment
- 7.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Millers Forest
View all →Frequently asked questions about Millers Forest
What should I check before investing in Millers Forest?
Millers Forest has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Millers Forest?
The median property price in Millers Forest, NSW 2324 is $530K for units.
What rental yield does Millers Forest show?
The gross rental yield in Millers Forest is 2.7% for houses and 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Millers Forest?
The current vacancy rate in Millers Forest is 1.4%. 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 Millers Forest?
Millers Forest has a population of approximately 357 residents, with a median age of 47.
What schools are near Millers Forest?
There are 8 schools within roughly 5km of Millers Forest. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Millers Forest's population growing?
The population of Millers Forest has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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