Millswood vs Clarence Park.
Comparing two suburbs with median house prices of $1,940,000 and $1,561,000.
Clarence Park (median $1,561,000) is roughly 24% cheaper to buy into than Millswood ($1,940,000). Over the past year, Clarence Park (+23.9%) ran 31.5 percentage points ahead of Millswood (-7.6%) on house-price growth.
Millswood scores higher on walkability (100/100 vs 60/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Millswood (1117) sits above Clarence Park (1116). Millswood skews owner-occupied (85%), Clarence Park runs more rental-dense (67% owner).
For buyers
Clarence Park is the lower entry point at $1,561,000 median, 24% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Clarence Park carries both higher gross yield (2.13% vs 0.71%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Millswood edges out on average school ICSEA (1117 vs 1116). Millswood also has a higher family-household share (78% vs 62%), so the catchment community skews family-heavy.
Common questions
Is Millswood or Clarence Park cheaper to buy in?
Clarence Park has the lower median house price at $1,561,000, roughly 24% below Millswood ($1,940,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Millswood or Clarence Park?
Over the past 12 months, Clarence Park grew +23.9% vs -7.6% in Millswood, a gap of 31.5 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 Millswood or Clarence Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Millswood scores 1117 vs 1116 in Clarence Park. 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, Millswood or Clarence Park?
Millswood scores 100/100 on walkability vs 60/100. 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, Millswood or Clarence Park?
Gross rental yield on houses is 2.13% in Clarence Park vs 0.71% in Millswood. 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).
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