Question 1

Is Milton a nice place to live?

Accepted Answer

Milton has a tidy main street of nineteenth-century heritage buildings with boutique shops, cafes, small galleries and regular markets.

The community is older, with many households owning their homes outright and couples without children at home common. Everyday amenity includes parks, walking trails and nearby coastline for recreation, regional road access via the Princes Highway and local bus services, and Milton Public School is undergoing a major upgrade with construction in progress to add general learning classrooms.

Question 2

Is it expensive to live in Milton?

Accepted Answer

Milton's housing costs sit notably above what local households earned at the last Census. A typical local household earned about $1,325 a week at the last Census, and a median house price of $960,000 works out to about 13.9 times a typical local annual household income, which puts buying well above local incomes.

House rents run to about $600 a week, which would take roughly 45% of a typical local household's weekly income, a large share. If you're renting rather than buying, that rent share is the figure that matters, and whether it feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Milton a good place to invest?

Accepted Answer

In Milton, median house values edged up by 0.5% over the past 12 months, while house rents rose a solid 9.1%.

For houses, the recent movement shows rental income growing well ahead of capital growth, with rents rising much faster than values.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$960K	N/A
Change in value Past 12 months	0.5%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	159	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	9.1%	N/A

	Suburb	NSW
Median age years	55	39
Median household income weekly	$1,325	$1,829
Couples with children share of families	34.8%	44.7%
Couples without children share of families	53.0%	37.9%
One-parent families share of families	11.1%	15.8%
Homes owned outright share of homes	53.6%	32.6%
Homes with a mortgage share of homes	29.1%	33.6%
Homes rented share of homes	17.3%	33.7%

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