If you compare the increase in value of investment property in Miller, 2168 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.42%.
Across a shorter period, Miller, 2168 has seen a median price increase of 3.15% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Miller is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 434th in terms of most discounted suburbs in NSW
At number 1184 in a list of fastest selling suburbs, Miller is in the TOP 40% of suburbs in Australia with an average of days on market 66.47 for properties listed there.
With the median price for a house in Miller being $590000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.53%