Parap vs Millner vs Larrakeyah — which is best for growth?

Same eight metrics, scored against the same benchmark, ranked against a $1.20Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

Parap
NT · 0820
38Below trend
Median
$845k
5y growth
3.4%/yr
BalancedLate-cycle hold
Millner
NT · 0810
45Average
Median
$595k
5y growth
4.8%/yr
BalancedStable entry · room to scale
Larrakeyah
NT · 0820
37Below trend
Median
$845k
5y growth
3.4%/yr
BalancedLate-cycle hold

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight

Parap

Millner

Larrakeyah

Capital growth (5y)

weight 22%

343.4%/yr

484.8%/yr

343.4%/yr

Rental yield

weight 13%

512.6%

593.0%

492.4%

Rental demand

weight 10%

382.5%

452.2%

382.5%

Population growth

weight 12%

717.1%

Income growth

weight 12%

4812.0%

5213.0%

4812.0%

Construction pipeline

weight 15%

0–

Affordability

weight 8%

3030% under cap

5050% under cap

3030% under cap

Supply tightening

weight 8%

40+2.0% YoY

45+1.0% YoY

40+2.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

Parap
0/8
No outright lead on any single dimension.
Millner
6/8
- Capital growth (5y)
- Rental yield
- Rental demand
- Income growth
- Affordability
- Supply tightening
Larrakeyah
0/8
No outright lead on any single dimension.

Why Parap

Late-cycle hold

population +7.1% (5y), 2.6% gross yield.

Drivers

Population growth+7.1% (5y)

Risks

Modest 5y growth (3.4%/yr)
No major construction project in this state

Why Millner

Stable entry · room to scale

population +7.1% (5y), 3.0% gross yield.

Drivers

Population growth+7.1% (5y)

Risks

No major construction project in this state

Why Larrakeyah

Late-cycle hold

population +7.1% (5y).

Drivers

Population growth+7.1% (5y)

Risks

Thin gross yield (2.4%)
Modest 5y growth (3.4%/yr)