This property is Off Market
With an average age of 54, households expect an average monthly mortgage payment of $4,200 or a weekly rent payment of $919. The average family earns a weekly income of $4,150 with a typical household size of 1.8 and a 98.04% employment rate.
Consistent high demand relative to supply is a key feature in Millers Point driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Millers Point due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Millers Point provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Millers Point requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 6%)
Sydney - Haymarket - The Rocks a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
42 / 100
31 / 100
Industry
74 / 100
22 / 100
Population
46 / 100
19 / 100
House Prices
100 / 100
60 / 100
Jobs
34 / 100
29 / 100
Incidents Trend State Average
Conservatorium High School
Sydney, NSW, 2000 State 7-12
Sydney Grammar School
Darlinghurst, NSW, 2010 Independent K-12
St Mary's Cathedral College
Sydney, NSW, 2000 Independent 3-12
St Andrew's Cathedral Gawura School
Sydney, NSW, 2000 Independent K-6
Macquarie Grammar School
Sydney, NSW, 2000 Independent 7-12
Fort Street Public School
Sydney, NSW, 2000 State K-6
St Andrew's Cathedral School
Sydney, NSW, 2000 Independent K-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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