NT has seen average median house prices change by -4.85% which means that Millner, 0810 has not done well for property investors by showing a capital gain of -14.41% 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 fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Millner 0810 should be seeing an average reduction in asking price of around -5.25% . This means that Millner is holding prices well when compared to other suburbs in NT.
At number 1561 in a list of fastest selling suburbs, Millner is just in the top half of suburbs in Australia with an average of days on market 72.7 for properties listed there.
Property investors should expect to get $490 weekly from the median priced house in this suburb.
Giving property investors a a poor capital gain of -7.51% for the last year, Millner, 0810 is the 1503th highest performer in Australia in this respect.
Millner,0810 has offered an average of -7.51% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Millner is offering property investors an average of -8.82. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in NT
A $390 per week rent on the median house gives suburb investors a gross yield of circa 5.88%, without taking into account capital value appreciation, which has been averaging out at 4.98%.