Millthorpe (postcode 2798) is a small community in New South Wales within the Blayney local government area. It is home to about 1,347 residents, with an established family demographic and a median age of 43. Households earn a median income of $108K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Millthorpe has a median house price of $660,000, which has dropped significantly by 8.5% year-on-year. The current median weekly rent is $675. This gives a gross rental yield of approximately 5.3%. 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 2,227 incidents per 100,000 population.
From an investment perspective, Millthorpe shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($660K/$1.5M), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -8.5% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.