Property investors who have had real estate in Millner, 0810 should be relatively pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.09%
If we look at median property appreciation over just the last three months, Millner has given property investors a paper return of 8.00%. This puts Suburb as 1 on a list of fastest fasting appreciating suburbs in NT
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Millner itself are offering an average vendor discount of -3.68% to real estate investors.
Often selling an investment property can take time, and in Millner the average time real estate has been on the market is 72.3 days.
With the median price for a house in Millner being $540000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.53%
At number 633th in the list of Australian suburbs ordered by increase in median house value over the last year, Millner, 0810 is in the top 40% with a property value increase of 7.58% recorded in median house prices.
A 0.00% growth in median value for property investors in Millner,0810 puts this suburb at number 6th in terms of best performing suburbs in NT
At number 10th of NT’s most discounted properties, Millner is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $370 weekly from the median priced house in this suburb.