Located in New South Wales within the Liverpool local government area, Miller is a compact suburb (postcode 2168). The area has roughly 3,374 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $43K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are machinery operators & drivers, labourers, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Lebanese.
Miller has a median house price of $1.0 million, which has risen steeply by 16.1% year-on-year. Units have a median price of $643,000 (+24.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,800.
Miller is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 920, which is below the national average of 1,000. Public transport access includes 28 bus stops. The crime rate in the Liverpool LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 24.0x is considered stretched. House prices have moved +16.1% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.