Miller vs Prestons
Miller (median $1,020,000) is roughly 17% cheaper to buy into than Prestons ($1,222,000). Over the past year, Miller (+14.6%) ran 3.5 percentage points ahead of Prestons (+11.1%) on house-price growth.
Buying in Miller or Prestons?
Selling in Miller? The free selling guide
Miller and Prestons side by side
| Measure | Miller | Prestons |
|---|---|---|
| Price and market | ||
| Median house | $1,020,000 | $1,222,000 |
| Median unit | $316,800 | $837,500 |
| House price change, 12 months | +14.6% | +11.1% |
| Renting | ||
| House rent | $650/wk | $740/wk |
| Unit rent | – | $540/wk |
| Owner occupied | 32.0% | 78.0% |
| Renter occupied | 64.0% | 18.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 941 | 981 |
| Lifestyle and people | ||
| Walk score | 4 | 22 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 3,374 | 15,694 |
| Median age | 35 | 34 |
| Climate | ||
| Annual rainfall | 726 mm | 726 mm |
| Mean max, January | 29.6°C | 29.6°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Prestons scores higher on walkability (4/100 vs 22/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Prestons (981) sits above Miller (941). Prestons skews owner-occupied (78%), Miller runs more rental-dense (32% owner).
- For buyers
- Miller is the lower entry point at $1,020,000 median, 17% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Miller carries both higher gross yield (3.31% vs 3.15%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Prestons edges out on average school ICSEA (981 vs 941). Prestons also has a higher family-household share (90% vs 63%), so the catchment community skews family-heavy.
Miller vs Prestons: common questions
Is Miller or Prestons cheaper to buy in?
Miller has the lower median house price at $1,020,000, roughly 17% below Prestons ($1,222,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Miller or Prestons?
Over the past 12 months, Miller grew +14.6% vs +11.1% in Prestons, a gap of 3.5 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Miller or Prestons have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Prestons scores 981 vs 941 in Miller. 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 is more walkable, Miller or Prestons?
Prestons scores 22/100 on walkability vs 4/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Miller or Prestons?
Gross rental yield on houses is 3.31% in Miller vs 3.15% in Prestons. 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.
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