Located in New South Wales within the Hornsby local government area, Milsons Passage is a small, quiet locality (postcode 2083). The area has roughly 32 residents and an older demographic, with a median age of 62. Households earn a median income of $49K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, clerical & administrative, professionals. Employment in the area leans toward public admin & safety and education. The top ancestries reported are English, Australian, Irish.
Milsons Passage has a median house price of $1.0 million, which has dropped significantly by 12.4% year-on-year. The current median weekly rent is $492. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,950.
The crime rate in the Hornsby LGA is low at 1,229 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 20.7x is considered stretched. House prices have moved -12.4% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.