Growth, Lifestyle, and Investment Potential
Milton, a cherished suburb in Brisbane’s inner-west just 2 kilometres from the CBD, is renowned for its rich history and vibrant lifestyle offerings. Spanning approximately 1.3 square kilometres, Milton features 9 parks covering nearly 10.3% of its area, providing residents with ample green spaces. Its strategic location and welcoming community atmosphere make it highly desirable for property buyers, investors, and renters alike.
Milton is home to 2,264 residents, predominantly aged between 20-39 years. According to Domain, the suburb is especially popular among young professionals, with 63% of the population living in rental accommodation. This high percentage of renters highlights Milton’s appeal as a vibrant urban hub close to the city, characterised by a mix of single residents (72%) and families (28%).
Houses
The property market in Milton has experienced steady growth over the past year. According to RP Data, the median house price remains at $1,475,000, with an annual capital growth of 12.60%. Houses spend an average of just 12 days on the market, showcasing the strong demand for properties in the area, with 19 sales recorded in the past 12 months. Rental demand is also robust, with median rents for houses at $680 per week and a rental yield of 2.91%.
Units
For investors, the unit/townhouse market offers an affordable entry point with a median price of $576,666 and a strong annual capital growth of 31.06%. Rental yield for units/townhouses remains appealing at 5.74%, with a median weekly rent of $620. Over the past year, 113 units were sold, with units typically selling within 20 days.
For sellers, these market conditions present an opportune time to achieve premium prices, especially by highlighting Milton’s proximity to the CBD and its appealing lifestyle features. Buyers looking to enter this competitive market should be prepared for swift action, particularly for houses, while also considering the strong long-term growth prospects the suburb offers. Investors and landlords can capitalise on the high rental demand and solid yields, ensuring consistent and reliable returns in a suburb that continues to grow in popularity and desirability.
Interested in Knowing Your Property’s Current Worth?
Get your free property appraisal today with Calibre Real Estate. Our experienced agents are here to provide you with a comprehensive and accurate assessment, helping you make informed decisions in the Ashgrove real estate market. This service is beneficial whether you’re considering a sale, rent, or just want to understand your property’s current market value.
For more information and to stay updated on the latest real estate trends in Ashgrove, visit our website or contact our team of experts at Calibre Real Estate. Whether you’re buying, selling, renting, or simply exploring your options, we’re here to support you every step of the way.
