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Milton

Real estate profile

Location

1km west of Brisbane CBD.

Features

Proximity to Brisbane CBD, Park Road cafe and restaurant precinct, Milton rail station.

Median Price

REIQ research shows that the median house price in the suburb for 2006 was $476,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $400. The median weekly rent paid for a 2-bedroom unit in this area was $300 for the same period.

Profile

This inner city suburb located 1 km from Brisbane’s central business district is home to two Queensland icons: the Castlemaine XXXX Brewery and Suncorp Stadium (previously Lang Park).

Almost as well known is the ‘Euro-precinct’ along Park Road offering residents and visitors an array of outdoor dining and cafes. A few select boutiques also attract the retail dollars.

This inner west suburb contains many of the attributes modern buyers want, with an inner-city café lifestyle, a range of housing styles, access to public transport and in some cases, riverside living.

Due to its near city location the rental demand in Milton is strong and unit/townhouse accommodation is prevalent.

Milton has always seen strong demand for property but has often struggled with supply. Any new residential development in the area is therefore likely to be popular.

According to the 2006 Census there were 1,733 people living in the area with a median age of 29. The median individual income was $658 per week. Of all occupied private dwellings 30.2% were either fully owned or being purchased; 54.2% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Milton information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.