Suburb Profile Report for Millthorpe NSW (2798)

Millthorpe House: Median price $347,500, Annual capital growth 5.89%, Number of sales 27, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Millthorpe has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.20% to date .

A -9.62% growth in median value for property investors in Millthorpe,2798 puts this suburb at number 1140th in terms of best performing suburbs in NSW

Vendor discounting in Millthorpe is giving property investors an average Vendor Discount of around -6.93%. This puts suburb at number 251th in NSW when ranking the most discounted suburbs.

In the last year 27 properties changed hands in Millthorpe, which puts it as the 989th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Millthorpe being $347500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.49%

Metrics i HOUSE UNIT
$347,500 N/A
-0.71% N/A
4.20% N/A
5.89% N/A
$300 N/A
27 N/A
4.49% N/A
100.27 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1109
Median household income ($/weekly) 1601
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 185 16.7
    25-34 years 112 10.1
    35-44 years 175 15.8
    45-54 years 154 13.9
    55-64 years 151 13.6
    Others 333 30.0
    Age Group
    Census Count Percent(%)
    Registered Married 383 55.7
    Not Married 235 34.2
    Defacto Relationship 70 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 935 92.5
    New Zealand 6 0.6
    Papua New Guinea 15 1.5
    South Africa 6 0.6
    United Kingdom 28 2.8
    Others 21 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 765 77.4
    No Religion 213 21.5
    Buddhism 8 0.8
    Other Religious Groups 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 26 8.1
    $1,000-$1,249 27 8.4
    $1,250-$1,499 26 8.1
    $1,500-$1,999 55 17.1
    $2,500-$2,999 37 11.5
    Others 151 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 325 43.1
    Not in the labour force 238 31.6
    Employed, worked part-time 143 19.0
    Employed, away from work 34 4.5
    Unemployed, looking for work 14 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 88 17.5
    Professionals 91 18.1
    Technicians & trades workers 70 13.9
    Clerical & administrative workers 63 12.5
    Machinery operators & drivers 56 11.2
    Others 134 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 23 8.8
    Infants/Primary 117 44.7
    Secondary 66 25.2
    Technical or Further Educational Institution 21 8.0
    University or other Tertiary Institutions 32 12.2
    Others 3 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 925 97.2
    Semi-detached, row or terrace house, townhouse 24 2.5
    Flat, unit or apartment 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 163 45.9
    Fully owned 122 34.4
    Rented 65 18.3
    Other tenure type 5 1.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals