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Milperra, NSW 2214

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 Milperra, NSW 2214 located in Sydney 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Milperra, NSW 2214”

  1. The total adult population (15 years or older) of Milperra 2214 NSW is 3,220, with a median age of 39. Of those, 56.61% are married, 8.73% are divorced or separated, 29.22% are single and 5.19% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,304. The median monthly mortgage repayment for households in this suburb is $2,600 which is 27.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of MILPERRA 2214 is estimated to host about 1984 households. As we move into the third quarter of 2023, we see that the typical price for houses in MILPERRA 2214 stands at approximately $1,193,587, with a median weekly rent of $655. This situation results in an indicative yield of 2.85%, which although below the 3% mark appreciated by cashflow-centric investors, still underlines the potential for respectable returns in MILPERRA.

    In terms of socio-economic conditions, the suburb scores a solid 1051 out of a possible 1217 on IRSAD, suggesting a considerable access to economic resources, above-average income levels, and a concentration of residents engaged in skilled professions.

    The neighbourhood itself leans towards owner occupation, with a minimal renter to owner ratio of just 11%. Notably, MILPERRA 2214 features a remarkable units to houses ratio of 0%, highlighting a complete dominance of houses within the property market of the suburb. However, potential buyers need to consider the affordability index. Sitting at 50 years, this figure implies a less affordable market, suggesting that it could take longer to fully own a property in the area using a standard 30-year mortgage.

    Investors need to balance these factors with supply conditions. The stock on the market percentage for houses in MILPERRA is notably low at 0.22%, indicating high market absorbency, corroborated by an inventory level of 1.33 months. The building approvals ratio stands slightly higher at 2.24%, hinting at an increase in supply of new dwellings in the future.

    It’s also important to consider the demand side. Houses in MILPERRA 2214 typically remain on the market for only 15 days, indicating significant demand. This is further supported by the low vacancy rate of 0.92% for houses and units combined, signalling tight market conditions with high occupancy. The buy search index for houses resonates with this reality, coming in at a solid 5, equal to the state/city average, pointing to a steady level of buyer interest in the district.

    Remember, the MILPERRA 2214 property market’s relative success does not necessarily guarantee future prosperity. As such, it’s critical to keep in tune with ongoing metrics and trends, alongside the use of trusted analytics likes the RCS from HtAG Analytics, designed to deliver a comprehensive understanding of the property landscape.

    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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