Milton, Qld

 

Market Overview

 

Milton is an inner Brisbane suburb and is 2km west of Brisbane’s Central Business District (CBD). Its local government area is the City of Brisbane. In addition to a diverse range of dwelling options the suburb includes a mix of employment uses including commercial offices, light industry, warehouses and retail.

 

 

People

Milton’s population includes couples and singles drawn to the suburb’s inner city location.

 

Lifestyle

Residents can enjoy the inner city lifestyle of Milton which offers a range of restaurants, a vibrant nightlife, sports and recreation facilities, excellent public transport and access to world-leading universities.

 

Homes

Apartments which meet the demand for inner city living and older style homes are some of the housing options available in Milton.

Demand & Demographics

 

Population

The nature and size of the local population, both now and in the future, is a key driver of property demand. Better understanding the local population can assist property buyers to make better decisions.

People



  • Total Population

    1,987

  • Female

    994

  • Male

    993

  • Median Age

    30

Family Composition



  • Families

    447

  • Children per family

    1.8

Occupation



  • Total Employed

    1,197

  • Top Occupation

    Professionals

  • Top Occupation % Share

    39.2%

Income $/week



  • Personal

    $875

  • Family

    $2,331

  • Household

    $1,792

 

Family composition



  • Couple without Children

    246

  • Couple with Children

    135

  • One Parent Family

    49

Age



  • Top age group

    25-29

  • Top age number

    377

  • Top age group % share

    19.0%

Industry of employment



  • Top Industry

    Takeaway food services

  • Total Workers (in top industry)

    79

  • Share of Employment

    6.2%

Supply & Dwellings

 

Building approvals - New Houses



  • Total Number

    11

  • Value ('000)

    $6,094

  • % Share

    38%

* These statistics are financial year to date

Building approvals - Other



  • Total Number

    16

  • Value ('000)

    $4,550

  • % Share

    55%

* These statistics are financial year to date

Dwelling Type (number)



  • Detached houses

    361

  • Semi-detached houses

    51

  • Flats, units or apartments

    418

Dwelling tenure (number)



  • Owned outright

    113

  • Owned with a mortgage

    176

  • Rented

    530

Sales Market

 

Property Market Indicator


  • Average days on market

    117

 

Prices


More about this Suburb ?

  • 2.59%

    Median Price Annual Change (10 years)

  • -10.98 %

    Price Change (1 Year)

  • $565

    Median Rent per week

  • 3.48%

    Gross Rental Yield

  • -3.91 %

    Median Price Annual Change (10 years)

  • -16.70 %

    Price Change (1 Year)

  • $457

    Median Rent per week

  • 5.45%

    Gross Rental Yield

 

Rental Market

 

Milton, Qld Rent

$565 PW

Rental Growth and Yield

Gross Rental Yield
3.48%
Change in Rental Rate (1 Year)
0.96%
Gross Rental Yield
5.45 %
Change in Rental Rate (1 Year)
-6.30 %
Data Disclaimers

Infrastructure, Jobs & Planning

 

Location & Convenience


Distance to

 

South East Queensland Regional Plan 2009-2031

The Plan is designed to guide regional growth and development in South East Queensland.

 

South East Queensland Infrastructure Plan and Program 2010–2031

Produced by the Queensland Department of Infrastructure and Planning, the Plan and Program outlines estimated infrastructure investment across South East Queensland to 2031.

 

 

Roads & Public transport

 

 

Bus

Route 411 – City, Milton, Auchenflower, Toowong, St Lucia, Uni of Qld
Route 412 – City, Milton, Toowong, St Lucia, Uni of Qld, St Lucia South
Route 431 – City, Roma St, Milton, Kenmore South
Route 470 – Teneriffe Ferry, Valley, City, Milton, Toowong
Route 471 – City, Milton, Auchenflower, Birdwood Tce, Mt Coot-tha
Route P426 – City, Roma St, Milton, Chapel Hill, Kenmore
Route P455 – City, Roma St, Milton, Mt Ommaney Shops, Riverhills
Route P456 – City, Roma St, Milton, Jindalee, Mt Ommaney

 

Tram

 

Train

Serviced by TransLin, Milton Station (Ipswich/Rosewood Line, Springfield Line)

 

Roads

Milton is centrally located to a number of Brisbane's main roads, with easy access to the Pacific Motorway and the Inner City Bypass, which link you to all areas of Brisbane and surrounding areas.

Victorian data sourced from Public Transport Victoria (PTV) and VicRoads
Queensland data sourced from Queensland Government and TransLink

 

Employment Centres

 

Milton is only a few short kilometres from the Brisbane CBD, a main employment hub.

Education options in the area include Griffith University, University of Queensland, Queensland University of Technology, Southern Cross University, Central Queensland University, Shaftson International College, South Bank Institute of TAFE.

A state school and childcare services are also located in Milton, as well as being in close proximity to a number of public and prestigious private schools.

Health and medical amenities in the area include The Wesley Hospital, Toowong Private Hospital, RiverCity Private Hospital, Mater Hospital, Mater Private Hospital.

Source: Australian Bureau of Statistics (ABS) 2011.