Giving property investors a a poor capital gain of -14.86% for the last year, Millner, 0810 is the 3968th highest performer in Australia in this respect.
Millner,0810 was ranked 3177 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Millner is offering property investors an average of -7.55. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in NT
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Advertised rents are around the $495 mark per week – giving a return of 5.48% based on the median price in Suburb
Millner has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -20.52% to date .
Over the longer term, Millner has seen property prices show investors a -16.16% return over the last 3 years. This is worse than over the last 12 months
In the last year 10 properties changed hands in Millner, which puts it as the 24th most active market in NT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.