Suburb Profile Report for Millner NT (0810)

Millner House: Median price $470,000, Annual capital growth 4.36%, Number of sales 21, Weekly median advertised rent $495

Millner Unit: Median price $306,000, Annual capital growth 4.64%, Number of sales 10, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

YIP MAG Information supplied by:

YIP MAG
April 2015

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Millner is one of the major growth areas of Darwin’s northern suburbsFull summary Millner is one of the major growth areas of Darwin’s northern suburbs.

Located between three main arterial roads and just 10km from the CBD, it is fast becoming a highly sought-after neighbourhood.

Sean Moloney, of Raine & Horne, says the suburb’s easy access is really pushing its popularity.

"It’s probably the location more than anything else. The whole area seems to be moving forwards. It’s growing really well,’’ he said.

With Darwin’s second largest shopping complex in the area coupled with good schooling, Millner is looking more attractive to families day by day.

“The area is getting more families moving there at this stage,” said Moloney.

“You’ve got the Homemaker centre close by, you’ve got Rapid Creek Market quite close, and you’re only 10 minutes from the CBD.

“The schooling is really good. There’s a lot of schools in the area, along with good parks and recreational facilities. These are certainly sought-after amenities.’’

The airport, hospital, university and the foreshore are all well within walking distance, making Miller the ideal place for those wanting in-demand amenities at their fingertips.

Units in Millner also boast an excellent gross rental yield of 6%.

Moloney says the entire suburb has proved to be highly sought-after with no specific streets standing out as the most popular.

He stressed that the central location played a significant part in this.

‘’People are drawn to the amenities and the location, having the markets really close as well. It has a great lifestyle and it’s so close to everything,’’ he says.
 Close
HOUSE UNIT
$470,000 $306,000
-1.57% -12.57%
-14.86% -20.52%
4.36% 4.64%
$495 $380
21 10
5.48% 6.46%
111.81 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 2465
Median household income ($/weekly) 1573
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 300 12.2
    25-34 years 429 17.4
    35-44 years 443 18.0
    45-54 years 335 13.6
    55-64 years 263 10.7
    Others 695 28.2
    Age Group
    Census Count Percent(%)
    Not Married 835 48.8
    Registered Married 603 35.3
    Defacto Relationship 272 15.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1489 68.4
    Indonesia 49 2.2
    Philippines 126 5.8
    United Kingdom 81 3.7
    Other 153 7.0
    Others 280 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 4.7
    Christianity 1269 62.2
    Hinduism 51 2.5
    Islam 31 1.5
    No Religion 565 27.7
    Others 27 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 68 8.8
    $1,250-$1,499 71 9.2
    $1,500-$1,999 124 16.0
    $2,000-$2,499 99 12.8
    $2,500-$2,999 72 9.3
    Others 340 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 937 52.7
    Not in the labour force 395 22.2
    Employed, worked part-time 286 16.1
    Employed, away from work 104 5.8
    Unemployed, looking for work 56 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 321 24.3
    Technicians & trades workers 219 16.6
    Community & personal service workers 151 11.4
    Clerical & administrative workers 201 15.2
    Labourers 117 8.8
    Others 314 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.6
    Infants/Primary 168 32.4
    Secondary 125 24.1
    Technical or Further Educational Institution 35 6.7
    University or other Tertiary Institutions 124 23.9
    Others 33 6.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1419 64.3
    Semi-detached, row or terrace house, townhouse 484 21.9
    Flat, unit or apartment 295 13.4
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 370 42.8
    Being purchased 306 35.4
    Fully owned 186 21.5
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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