Millers Forest NSW 2324
Millers Forest is in Maitland LGA, NSW, postcode 2324, with population 357.
Strong evidence
Millers Forest has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Gross rent yield screens at about 18.1%. Postcode-derived rent for 2324. Multiple suburbs can share this rental market signal.
Open matching rent ranking →935 latest-year approvals in Maitland, +0.0% YoY; population +2.2% YoY (2.7% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-led investor candidate
Gross rent yield screens at about 18.1%. Snapshot rent $540/wk.
Postcode-derived rent for 2324. Multiple suburbs can share this rental market signal.
Millers Forest has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Hospitals
Millers Forest currently reads as a growth-momentum candidate with a income-first secondary angle.
Gross yield screens at about 18.1%. Entry price sits in the lower-cost range for a first-pass screen. Small local population makes the signal set more fragile.
Compare it against a contrasting suburb before turning it into a decision.
Gross yield screens at about 18.1%. Entry price sits in the lower-cost range for a first-pass screen. Population movement supports a growth-led read.
Small local population makes the signal set more fragile.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Millers Forest NSW
Millers Forest is a quiet locality in New South Wales within the Maitland local government area (postcode 2324). With a population of 357, the suburb has a mature demographic 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 +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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Millers Forest is $155,000, having remained flat 0% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 18.1%. 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 4,398 incidents per 100,000 population.
From an investment perspective, Millers Forest offers a gross rental yield of 18.1%, rated as high yield. Property prices sit below the state median ($155K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.5x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +2.2% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Millers Forest is a quiet locality in New South Wales within the Maitland local government area (postcode 2324). With a population of 357, the suburb has a mature demographic 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 +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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Millers Forest is $155,000, having remained flat 0% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 18.1%. 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 4,398 incidents per 100,000 population.
From an investment perspective, Millers Forest offers a gross rental yield of 18.1%, rated as high yield. Property prices sit below the state median ($155K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.5x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +2.2% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Millers Forest FAQ
Common questions-
What LGA is Millers Forest in?
Millers Forest is in the Maitland Local Government Area, NSW, postcode 2324. Council-level context for Maitland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Millers Forest?
The current median house price in Millers Forest, NSW is $155K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Millers Forest?
The median weekly rent in Millers Forest is $540/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
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What does the rent signal say about Millers Forest?
Rent-led investor candidate: Gross rent yield screens at about 18.1%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Millers Forest a good investment?
QuickProperty's investment signals for Millers Forest show: High Yield, Below Median, Affordable. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Millers Forest?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Millers Forest data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.