Is property profitable in Millers Point? The latest market news

In the recent property market dip, Millers Point all but avoided the fate of the rest of the NSW market, but how has the story changed following the recent recovery surge.

For the latest data read on.

With bumpy history of overall growth, its vital to keep up to date with the latest going's on in Millers Point.

In the last five years some were caught off guard as two hefty price drops were seen in 2015 and 2017 (pictured below), not to mention the latest market movement.

However apartment prices have bounced back in the latest data, climbing up from a the latest low of $1.69 million.

As of September 2019 the median apartment price in Millers Point is $1.85 million.

To learn all you need to know about Millers Point, from median asking rents to household composition, click here. 

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.

According to Microburbs, Millers Point is an 8/10, known for it's convenience.