Suburb Profile Report for Milton QLD (4064)

Milton House: Median price $933,500, Annual capital growth 5.06%, Number of sales 30, Weekly median advertised rent $555

Milton Unit: Median price $474,000, Annual capital growth 3.16%, Number of sales 113, Weekly median advertised rent $485

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Milton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.13%

Milton,4064 has offered an average of 11.13% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Milton should be aiming for at least -10.54% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

Advertised rents are around the $555 mark per week – giving a return of 3.09% based on the median price in Suburb

Milton, 4064 ranked 347th in QLD when comparing growth in median property values or capital gain over the last 12 months. Milton is one of 2415 in our list for QLD

The five-year average increase in median property values for Milton,4064 has given property investors a potential capital gain of -2.57% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Milton, 4064. Typically our figures indicate that -10.17% is being offered, which puts this QLD suburb at 62th most discounted overall in Australia.

In the last year 113 properties changed hands in Milton, which puts it as the 83th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Milton being $474000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 5.32%

Metrics i HOUSE UNIT
$933,500 $474,000
-3.26% -8.85%
11.13% -17.50%
5.06% 3.16%
$555 $485
30 113
3.09% 5.32%
68.5 93.53

Source: CoreLogic

DSR Score for property investment : Below average (U), Below average (H)
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Demographics
Total population 1987
Median household income ($/weekly) 1798
Median age of persons 30
Median housing loan repayment ($/monthly) 2400
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 297 14.9
    25-34 years 636 32.0
    35-44 years 284 14.3
    45-54 years 201 10.1
    55-64 years 149 7.5
    Others 421 21.2
    Age Group
    Census Count Percent(%)
    Not Married 840 53.5
    Registered Married 489 31.1
    Defacto Relationship 241 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1263 66.8
    Italy 32 1.7
    Papua New Guinea 72 3.8
    United Kingdom 99 5.2
    Other 158 8.4
    Others 267 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 1.8
    Christianity 1052 57.5
    Hinduism 42 2.3
    Islam 28 1.5
    No Religion 657 35.9
    Others 18 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 88 11.6
    $2,000-$2,499 79 10.4
    $2,500-$2,999 115 15.2
    $3,000-$3,499 66 8.7
    $4,000 or more 58 7.6
    Others 353 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 866 51.5
    Not in the labour force 359 21.3
    Employed, worked part-time 329 19.6
    Employed, away from work 66 3.9
    Unemployed, looking for work 62 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 170 13.4
    Professionals 497 39.3
    Technicians & trades workers 120 9.5
    Community & personal service workers 102 8.1
    Clerical & administrative workers 185 14.6
    Others 191 15.1
    Occupation
    Census Count Percent(%)
    Pre-school 21 4.0
    Infants/Primary 87 16.7
    Secondary 56 10.8
    Technical or Further Educational Institution 46 8.8
    University or other Tertiary Institutions 292 56.2
    Others 18 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 994 54.3
    Flat, unit or apartment 724 39.5
    Semi-detached, row or terrace house, townhouse 114 6.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 530 64.2
    Being purchased 177 21.5
    Fully owned 114 13.8
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals