Over the last year, property investments in Millner, 0810 have given investors a capital gain of 8.16%. This compares very favourably with the -6.36% for NT as a whole.
If we look at median property appreciation over just the last three months, Millner has given property investors a paper return of 1.92%. This puts Suburb as 6 on a list of fastest fasting appreciating suburbs in NT
At number 40th 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.
Using the current median advertised rental of $485 and the average annual increase in value of a median property of 4.02%, investors should hope to achieve an overall return of 4.76%
If you compare the increase in value of investment property in Millner, 0810 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -1.39%.
Taking the average capital gain, or increase in median house value, Millner,0810 has racked up an average of -1.39% over the period. This ranks it number 1571th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Millner should be aiming for at least -7.28% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Millner have been waiting around 156.61 days to sell a property.
Situated 7.85km from the CBD, Millner is one of Darwin localities in the postcode 0810.