East Warburton vs Millgrove.
Comparing two suburbs with median house prices of $695,000 and $620,000.
Millgrove (median $620,000) is roughly 12% cheaper to buy into than East Warburton ($695,000).
On school quality, the average ICSEA across schools serving East Warburton (990) sits above Millgrove (989).
For buyers
Millgrove is the lower entry point at $620,000 median, 12% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Millgrove offers the higher gross rental yield (2.52% vs 2.24%), favouring cash-flow investors.
For families
East Warburton edges out on average school ICSEA (990 vs 989).
Common questions
Is East Warburton or Millgrove cheaper to buy in?
Millgrove has the lower median house price at $620,000, roughly 12% below East Warburton ($695,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does East Warburton or Millgrove have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), East Warburton scores 990 vs 989 in Millgrove. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, East Warburton or Millgrove?
Gross rental yield on houses is 2.52% in Millgrove vs 2.24% in East Warburton. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare East Warburton against another suburb