Thinking about buying in Millbrook? Now could not be a better time, with just 15 residential dwellings it's a highly sought after location.
Distance to the coast is 21 Km.
Consistent high demand relative to supply is a key feature in Millbrook driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Millbrook 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. A mix of professions and above average income earners in Millbrook 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 Millbrook 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
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Paracombe Primary School(While the above schools are located with the suburb of Millbrook there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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