Millers Point snapshot
- Median price: $1,637,500
- Median weekly rent: $1,428/wk
- Population: 8,004
- Days on market: 74 days
How Millers Point stacks up
- Rental Yield: High
- Capital Growth: Soft
- Vacancy: Low
About Millers Point
Millers Point, situated in NSW, is an intriguing option for property investors due to its unique blend of characteristics. With a median property price of $1,637,500, the suburb is positioned in a premium market, appealing to those seeking high-value investments. The population of 8,004 indicates a stable community, which can be attractive for long-term investment strategies.
Investors may find the rental market particularly appealing, with a median weekly rent of $1,428 and a high rental yield band. The low rental vacancy band suggests a strong demand for rental properties, which can lead to consistent rental income. Although capital growth has been classified as soft, the overall market dynamics in Millers Point provide a solid foundation for investment potential.
Frequently asked questions
What is the median property price in Millers Point?
The median property price is $1,637,500.
What is the typical rental income in this suburb?
The median weekly rent is $1,428.
How many people live in Millers Point?
The suburb has a population of 8,004.
What is the typical days on market for properties?
Properties typically spend around 74 days on the market.
What is the rental vacancy situation like?
The rental vacancy is low, indicating strong demand.