Millthorpe is a small community in New South Wales within the Blayney local government area (postcode 2798). With a population of 1,347, the suburb has an established demographic with a median age of 43. Households earn a median income of $108K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Millthorpe is $660,000, having dropped significantly 8.3% over the past year. Units have a median price of $585,000 (-8.6% YoY). The current median weekly rent is $548. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,820.
Millthorpe is served by 1 school, including 1 primary. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Millthorpe offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($660K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -8.3% year-on-year.
Millthorpe is a small community in New South Wales within the Blayney local government area (postcode 2798). With a population of 1,347, the suburb has an established demographic with a median age of 43. Households earn a median income of $108K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Millthorpe is $660,000, having dropped significantly 8.3% over the past year. Units have a median price of $585,000 (-8.6% YoY). The current median weekly rent is $548. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,820.
Millthorpe is served by 1 school, including 1 primary. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Millthorpe offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($660K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -8.3% year-on-year.