Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Milperra, NSW 2214
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,560,000
market range $1.5M-$1.6M
Median Unit
$335,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth (houses)
+7.7%
market range +2.5% to +15.0%
Investment snapshot for Milperra
Milperra has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Milperra verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Milperra - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Milperra market and investor summary
In Milperra, NSW 2214, the median house sells for around $1.6M, on a gross rental yield of 3.5% for houses. House prices have moved +7.7% over the past year and +25.3% over three years. At 4.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 4.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Milperra: people, income and schools
Milperra is home to around 4,074 people, a number that has held fairly steady over five years. At a median age of 39, it reads as broadly working-age, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $110,000 a year (about $2,120 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 53 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Milperra sits about 22 km from the CBD. It is fairly car-dependent; the suburb scores 47 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 4,074
- +4% over 5yr
- Median age
- 39 years
- Median household income
- $110,000/yr
- Households renting
- 11%
- Family households
- 83%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 53
- avg ICSEA 1045
- Unemployment
- 3.4%
- Distance to CBD
- 22 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 Milperra
View all →Frequently asked questions about Milperra
What should I check before investing in Milperra?
Milperra has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +7.7% in the past year shows positive recent price momentum. 3-year capital growth of +25.3% 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 Milperra?
The median property price in Milperra, NSW 2214 is $1.6M for houses.
What rental yield does Milperra show?
The gross rental yield in Milperra is 3.5% for houses. 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 Milperra?
House prices in Milperra are up 7.7% over the past year and up 25.3% 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 Milperra?
The current vacancy rate in Milperra is 4.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Milperra?
Milperra has a population of approximately 4,074 residents, with a median age of 39.
What schools are near Milperra?
There are 53 schools within roughly 5km of Milperra. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Milperra affordable to buy in?
A median house in Milperra costs about 14.2 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 Milperra's population growing?
The population of Milperra has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Milperra from the CBD?
Milperra is about 22 km from the CBD.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API