Milton Real Estate Agent’s Summer Market Update
New record prices as buyer demand rises
The graphs show a strong rise in turnover of Milton property with 90% more apartments and 33% more houses sold in 2021 than the previous year. The busier apartment market has one important difference from the peak of 2014/16: our recent surge in activity is all about buyer demand and not the increased supply from new projects we saw back then.
With such strong turnover and demand the median prices were almost certain to rise. And rise they did! Even with a median 2021 sale price of $1.32m Milton houses are highly sought-after, while local apartment prices are also rising quickly. There’s limited numbers of small and unrenovated dwellings remaining in the suburb so median prices are likely to rise further.
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