Milbrodale is a quiet locality in New South Wales within the Singleton local government area (postcode 2330). With a population of 149, the suburb has a mature demographic with a median age of 47. Households earn a median income of $75K per year, with an average household size of 2.6 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Milbrodale is $1.0 million, having dropped significantly 50.6% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Milbrodale is served by 1 school, including 1 primary. The average ICSEA score is 800, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Milbrodale offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.3x is considered stretched. House prices have moved -50.6% year-on-year.
Milbrodale is a quiet locality in New South Wales within the Singleton local government area (postcode 2330). With a population of 149, the suburb has a mature demographic with a median age of 47. Households earn a median income of $75K per year, with an average household size of 2.6 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Milbrodale is $1.0 million, having dropped significantly 50.6% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Milbrodale is served by 1 school, including 1 primary. The average ICSEA score is 800, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Milbrodale offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.3x is considered stretched. House prices have moved -50.6% year-on-year.