Located in New South Wales within the Maitland local government area, Millers Forest is a sparsely populated locality (postcode 2324). The area has roughly 357 residents and an older-leaning population, with a median age of 47. Households earn a median income of $102K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Millers Forest has a median house price of $1.5 million, which has climbed sharply by 100.3% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,059.
Millers Forest is served by 1 school, including 1 primary. The average ICSEA score is 920, which is below the national average of 1,000. Public transport access includes 2 ferry wharfves, 6 bus stops. The crime rate in the Maitland LGA is moderate at 4,266 incidents per 100,000 population.
On the investment side, Millers Forest shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved +100.3% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.