Milton (postcode 2538) is a close-knit residential community in New South Wales within the Shoalhaven local government area. It is home to about 1,801 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $69K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Milton has a median house price of $1.2 million, which has eased back by 1.4% year-on-year. Units have a median price of $683,000 (-3.9% YoY). The current median weekly rent is $325. This gives a gross rental yield of approximately 1.4%. 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 3,639 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.4%, which reads as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.4x is considered stretched. House prices have moved -1.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.