Millswood vs Goodwood.
Comparing two suburbs with median house prices of $1,940,000 and $2,110,000. Millswood edges out on more headline metrics in this comparison.
Millswood (median $1,940,000) is roughly 8% cheaper to buy into than Goodwood ($2,110,000). Over the past year, Goodwood (+11.1%) ran 18.7 percentage points ahead of Millswood (-7.6%) on house-price growth.
On school quality, the average ICSEA across schools serving Millswood (1117) sits above Goodwood (1116). Millswood skews owner-occupied (85%), Goodwood runs more rental-dense (63% owner).
For buyers
Millswood is the lower entry point at $1,940,000 median, 8% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Goodwood carries both higher gross yield (1.71% 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 63%), so the catchment community skews family-heavy.
Common questions
Is Millswood or Goodwood cheaper to buy in?
Millswood has the lower median house price at $1,940,000, roughly 8% below Goodwood ($2,110,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Millswood or Goodwood?
Over the past 12 months, Goodwood grew +11.1% vs -7.6% in Millswood, a gap of 18.7 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 Goodwood have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Millswood scores 1117 vs 1116 in Goodwood. 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, Millswood or Goodwood?
Gross rental yield on houses is 1.71% in Goodwood 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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