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Milawa, VIC 3678
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,015,000
list-price estimate
Median Unit
$435,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Milawa
Milawa has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Milawa market and investor summary
In Milawa, VIC 3678, houses show a gross rental yield of 2.1%. At 3.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Milawa: people, income and schools
Milawa has a resident population of roughly 588, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 90% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $87,000 a year (about $1,670 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 588
- +3% over 5yr
- Median age
- 47 years
- Median household income
- $87,000/yr
- Households renting
- 10%
- Family households
- 78%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1016
- Unemployment
- 3.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Milawa
No properties currently listed in Milawa
Search Milawa listings →Frequently asked questions about Milawa
What should I check before investing in Milawa?
Milawa has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Milawa?
The median property price in Milawa, VIC 3678 is $435K for units.
What rental yield does Milawa show?
The gross rental yield in Milawa is 2.1% for houses and 3.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Milawa?
The current vacancy rate in Milawa is 3.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Milawa?
Milawa has a population of approximately 588 residents, with a median age of 47.
What schools are near Milawa?
There are 1 school within roughly 5km of Milawa. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Milawa's population growing?
The population of Milawa has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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