All About Milroy, Mid-Western Regional, NSW, 2850

Milroy Real Estate Market Outlook

Thinking about buying in Milroy? Now could not be a better time, with just 36 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,526,000 with prices in this suburb ranging from $1,429,000 to $1,624,000. The aproximate distance to the coast is 177 Km.

In Milroy there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Milroy is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Milroy provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Milroy we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Milroy a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!