Suburb Profile Report for Millfield NSW (2325)

Millfield House: Median price $395,000, Annual capital growth 8.92%, Number of sales 22, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

NSW has seen average median house prices change by 7.15% which means that Millfield, 2325 has done well for property investors by showing a capital gain of 42.09% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Millfield comes in at number 417th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Millfield itself are offering an average vendor discount of -4.65% to real estate investors.

Residents and property investors in Millfield have been waiting around 91.88 days to sell a property.

Situated 109.00km from the CBD, Millfield is one of Cessnock localities in the postcode 2325.

HOUSE UNIT
$395,000 N/A
4.91% N/A
42.09% N/A
8.92% N/A
N/A N/A
22 N/A
N/A N/A
91.88 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 805
Median household income ($/weekly) 1129
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 124 15.4
    25-34 years 82 10.2
    35-44 years 116 14.4
    45-54 years 121 15.0
    55-64 years 108 13.4
    Others 255 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 280 50.9
    Not Married 201 36.5
    Defacto Relationship 69 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 711 92.3
    Former Yugoslav Republic of Macedonia 3 0.4
    New Zealand 7 0.9
    Papua New Guinea 8 1.0
    United Kingdom 26 3.4
    Others 15 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 459 63.7
    No Religion 237 32.9
    Hinduism 18 2.5
    Buddhism 7 1.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 27 10.8
    $600-$799 38 15.2
    $800-$999 23 9.2
    $1,000-$1,249 28 11.2
    $1,500-$1,999 29 11.6
    Others 105 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 236 41.3
    Employed, worked full-time 180 31.5
    Employed, worked part-time 103 18.0
    Unemployed, looking for work 29 5.1
    Employed, away from work 24 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 32 10.4
    Technicians & trades workers 61 19.8
    Clerical & administrative workers 31 10.1
    Machinery operators & drivers 50 16.2
    Labourers 54 17.5
    Others 80 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 12 6.4
    Infants/Primary 85 45.5
    Secondary 51 27.3
    Technical or Further Educational Institution 21 11.2
    University or other Tertiary Institutions 15 8.0
    Others 3 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 736 98.0
    Improvised home, tent, sleepers out 9 1.2
    Semi-detached, row or terrace house, townhouse 6 0.8
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 117 44.0
    Fully owned 101 38.0
    Rented 45 16.9
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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