Property investors who have had real estate in Millner, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.31%
The five-year average increase in median property values for Millner,0810 has given property investors a potential capital gain of 0.97% across each of those five years.
At number 41th of NT’s most discounted properties, Millner is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
With the median price for a house in Millner being $520000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 4.90%
With a capital gain of -4.30% for the last 12 months, Millner, 0810 has performed for property investments than its average annual 4.49% property growth over the last 5 years.
Across a shorter period, Millner, 0810 has seen a median price increase of -1.15% over the last quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.47% offered to property buyers. Sellers in Millner itself are offering an average vendor discount of -7.01% to real estate investors.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.