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Miller, NSW 2168

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Miller, NSW 2168 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Miller, NSW 2168”

  1. The total adult population (15 years or older) of Miller 2168 NSW is 2,614, with a median age of 35. Of those, 33.40% are married, 17.83% are divorced or separated, 43.34% are single and 5.66% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $4,348. The median monthly mortgage repayment for households in this suburb is $1,800 which is 41.40% of their earnings.

    Source: ABS Census Data (2021)

  2. MILLER 2168 is an attractive suburb located in NSW, with an estimated total of 1362 households. As we delve into the third quarter of 2023, the typical price for houses in this suburb stands at a substantial $790,071. The median weekly rent in MILLER 2168 is $477, translating to an indicative yield of approximately 3.14%. This yield meets the minimum market requirement for cashflow-centered property investors, thus indicating a solid investment opportunity for those aligned to this strategy.

    The IRSAD score for MILLER 2168 is 738 out of 1217, suggesting a reasonably good socio-economic status in the area. However, the suburb shows a high renter to owner ratio at 64%, which can present both opportunities and challenges for potential investors, given that markets with high ratios are often subject to high competition and have a different neighbourhood ‘vibe’ compared to those with lower ratios. On a positive note, the units to houses ratio is 0%, indicating that the market is not oversaturated with rental properties, which can assist in maintaining higher rental yields.

    Despite these favourable aspects, it’s important to consider the affordability index for houses in MILLER 2168, which currently sits at 71 years. This figure is significantly higher than the standard 30-year mortgage, suggesting that despite the high yield, the property market here could be less affordable for potential homeowners.

    On the supply front, the stock on market Percentage for houses is just 0.22%, indicating a favourable market condition with low supply. The inventory level is 2.12 months, sitting in the favourable zone, suggesting that the market is absorbing new listings at a reasonable pace. The building approvals Ratio is less than 1%, indicating a low supply of new houses being constructed.

    However, the house market in MILLER 2168 does require some patience, with the average house taking 103 days to sell. This is longer than ideal and indicates a somewhat softer demand. Although, the low vacancy rate of 0.57% does counterbalance this, suggesting that there is high demand from tenants with little supply. Also, the buy search index is at 3, indicating limited, yet steady demand for houses in this suburb.

    In conclusion, while MILLER 2168 shows promising yield and low supply figures, the high renter to owner ratio, lengthy affordability index, and slightly slower market movement present elements for consideration. Immersing yourself in a range of metrics is crucial in today’s dynamic market. Leveraging tools such as the RCS metric provided by HtAG Analytics can provide a comprehensive understanding of MILLER 2168’s property market, guiding both seasoned and novice property investors to make data-driven decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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