Property value increases in Millner have tracked just lower than the NT average of -5.47% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Millner comes in at number 39th in NT.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.47% offered to property buyers. Sellers in Millner itself are offering an average vendor discount of -4.44% to real estate investors.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 5.10%, without taking into account capital value appreciation, which has been averaging out at 3.69%.
NT has seen average median house prices change by -2.10% which means that Millner, 0810 has not done well for property investors by showing a capital gain of 1.43% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Millner has increased when compared to the 5 year average annual rate.
The most recent median price for Millner is $355000, with sellers offering an average of -6.39% off the asking price.
Residents and property investors in Millner have been waiting around 141.33 days to sell a property.
Millner is 11th on a list of best yielding suburbs for rents in NT with a 5.49% return