Milsons Point NSW 2061: Property Market Report & Real Estate Insights

Part of North Sydney, NSW

Milsons Point Real Estate Market Outlook

Thinking about buying in Milsons Point? Now could not be a better time, with 3331 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,729,000 with prices in this suburb ranging from $574,000 to $208,435,000. Milsons Point is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Milsons Point

Consistent high demand relative to supply is a key feature in Milsons Point driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Milsons Point ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Milsons Point classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Milsons Point necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

Milsons Point, located just across the Sydney Harbour from the central business district, is one of North Sydney's most prestigious and sought-after suburbs. The housing market in Milsons Point is characterized by high demand and robust property values, driven by its enviable location, harborside views, and proximity to Sydney's dynamic downtown. The suburb features a mix of luxurious high-rise apartments and elegant historic homes, often commanding a premium price due to their scenic vistas of the iconic Sydney Harbour Bridge and Opera House. This desirability is reflected in the competitive real estate market, where properties are often valued at well above Sydney's average house prices. Despite broader fluctuations in the real estate market, Milsons Point remains an attractive investment for both local and international buyers seeking a combination of lifestyle and convenience.

Living in Milsons Point offers a unique blend of urban sophistication and tranquil waterside living. Residents enjoy an active lifestyle with easy access to world-class amenities, including an array of cafes, fine dining restaurants, boutiques, and weekend markets. The suburb's proximity to Luna Park and Kirribilli provides leisure opportunities for families and professionals alike. Public transportation is a breeze with the Milsons Point train station providing quick links to the city and beyond, while various bus routes and ferry services enhance connectivity. The area's parks and open spaces, such as Bradfield Park, offer stunning views and a peaceful retreat from the bustling city. Overall, Milsons Point presents an ideal living environment for those seeking both the vibrancy of city life and the tranquility of breathtaking natural surroundings.

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