Milton

Milton Property Management: Spring Market Update

Rents improve but border closures cap the optimism

 

We saw a climb in Milton’s median rents this past quarter, now back to $450/week. It’s flat for the year to date and not yet above earlier peaks. Until the borders open fully to business travel from Sydney and Melbourne, and we see the return of international students, it’s hard to see rents recovering to those levels.

Landlords with furnished apartments are often being encouraged to consider removing it, improving their appeal to a broader, long-stay market. Our office currently has strong tenant demand but the changes have definitely impacted the type of tenant seeking Milton apartments as their homes.

 

Note: RTA stats quoted here cover all of postcode 4064 including Paddington and Rosalie.