Yarra Junction vs Millgrove.
Comparing two suburbs with median house prices of $748,000 and $620,000.
Millgrove (median $620,000) is roughly 21% cheaper to buy into than Yarra Junction ($748,000).
Yarra Junction scores higher on walkability (56/100 vs 0/100 ), useful if you're optimising for a car-light household.
For buyers
Millgrove is the lower entry point at $620,000 median, 21% 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 2.09%), favouring cash-flow investors.
For families
School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Common questions
Is Yarra Junction or Millgrove cheaper to buy in?
Millgrove has the lower median house price at $620,000, roughly 21% below Yarra Junction ($748,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which is more walkable, Yarra Junction or Millgrove?
Yarra Junction scores 56/100 on walkability vs 0/100. 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, Yarra Junction or Millgrove?
Gross rental yield on houses is 2.52% in Millgrove vs 2.09% in Yarra Junction. 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 Yarra Junction against another suburb