Milton is a small community in New South Wales within the Shoalhaven local government area (postcode 2538). With a population of 1,801, the suburb has an older demographic with a median age of 55. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Milton is $1.2 million, having surged 25.7% over the past year. Units have a median price of $895,000 (+31.1% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,733.
Milton is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 45 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Milton offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.2x is considered stretched. House prices have moved +25.7% year-on-year.
Milton is a small community in New South Wales within the Shoalhaven local government area (postcode 2538). With a population of 1,801, the suburb has an older demographic with a median age of 55. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Milton is $1.2 million, having surged 25.7% over the past year. Units have a median price of $895,000 (+31.1% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,733.
Milton is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 45 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Milton offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.2x is considered stretched. House prices have moved +25.7% year-on-year.