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Milton, NSW 2538

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Milton, NSW 2538 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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2BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Milton, NSW 2538”

  1. The total adult population (15 years or older) of Milton 2538 NSW is 1,529, with a median age of 55. Of those, 50.75% are married, 14.39% are divorced or separated, 23.54% are single and 10.86% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,512. The median monthly mortgage repayment for households in this suburb is $1,733 which is 26.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of NSW, Milton 2538 is a vibrant suburb estimated to boast around 1208 households. The property market in Milton, particularly for houses, shows a myriad of opportunities as we delve into Q3 stats for 2023.

    House prices in the locality come in at an average of $1,127,432. Meanwhile, typical rent prices are around $533 per week. This rental return presents an indicative yield of 2.46%, which is slightly under the lower limit of 3%, the standard minimum attractive market requirement for investors centred on cash flows.

    One promising facet of Milton is its socio-economic standing. The suburb holds an IRSAD score of 1008 out of 1217, which suggests the presence of a well-off and resourceful population, a factor that could make the area attractive for property investors and buyers’ agents.

    What’s more, the suburb’s renter-to-owner ratio stands at 17%. This falls well below the threshold of 30%, implying a market not oversaturated with rental properties. Lower competition among investors could lead to higher long-term returns.

    Moreover, the ratio of units to houses in Milton is 1%, which is decidedly favourable for investors given that lower proportions of units generally suggest less rental competition and potentially higher rental yields.

    However, higher property prices have led to a challenging affordability rate of 68 years to own a property, based on variables such as current interest rates, median family income, and property prices. This means it may require individuals or families significantly longer than the customary 30-year mortgage period to fully own a property in this area.

    In terms of supply metrics, the stock on market percentage for houses is recorded at a mere 0.17%. With this falls definitively below the 0.4% threshold indicating low supply. On the other hand, the inventory level for houses in the area reflects a favourable market condition with a score of 1.85 months, implying a relatively quick absorption of new listings into the market. Meanwhile, the building approvals ratio stands at 2.07%, which indicates an increasing supply of new dwellings.

    In terms of demand indicators, houses tend to stay on the market for 208 days, which exceeds the average, translating to a lower demand. The combined vacancy rate for houses and units in the suburb is 2.5%, representing a balanced market from a renter’s perspective.

    Lastly, the buy search index for houses in Milton registers at 6, indicating a high interest and demand among potential buyers searching for properties in the area.

    To sum up, the suburb of Milton provides a mixed bag of investment opportunities. Despite certain affordability challenges, the low supply metrics coupled with satisfactory socio-economic scores and a low renter-to-owner ratio suggest that this suburb may offer some distinct advantages for property investors and buyers’ agents. However, the importance of considering not only the metric values but also their trends should not be overlooked as it provides a robust picture of the state of the property market. At the end of the day, relying on comprehensive tools like the Relative Composite Score (RCS) developed by HtAG Analytics can significantly aid in automating this complex analysis involving over 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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