Milperra is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2214). With a population of 4,074, the suburb has an established demographic with a median age of 39. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Milperra is $1.7 million, having surged 12% over the past year. Units have a median price of $1.0 million (-20% YoY). The current median weekly rent is $895. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,600.
Milperra is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Milperra offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved +12.0% year-on-year.
Milperra is a smaller suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2214). With a population of 4,074, the suburb has an established demographic with a median age of 39. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Milperra is $1.7 million, having surged 12% over the past year. Units have a median price of $1.0 million (-20% YoY). The current median weekly rent is $895. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,600.
Milperra is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Milperra offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved +12.0% year-on-year.