With a capital gain of -15.42% for the last 12 months, Millner, 0810 has performed for property investments than its average annual 3.88% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Millner has fallen somewhat when compared to the 5 year average annual rate.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.73% offered to property buyers. Sellers in Millner itself are offering an average vendor discount of -8.27% to real estate investors.
If you compare the increase in value of investment property in Millner, 0810 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -9.35%.
Millner,0810 has offered an average of -9.35% return per annum in house price rises to property investors over the last three years.
Millner0810 is located in NT which offers an average discount of -8.84% to property investors. Millner itself is showing figures that indicate -8.69% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Millner being $349000 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 5.62%