Investment property in Milton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.13%
Milton,4064 has offered an average of 11.13% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Milton should be aiming for at least -10.54% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
Advertised rents are around the $555 mark per week – giving a return of 3.09% based on the median price in Suburb
Milton, 4064 ranked 347th in QLD when comparing growth in median property values or capital gain over the last 12 months. Milton is one of 2415 in our list for QLD
The five-year average increase in median property values for Milton,4064 has given property investors a potential capital gain of -2.57% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Milton, 4064. Typically our figures indicate that -10.17% is being offered, which puts this QLD suburb at 62th most discounted overall in Australia.
In the last year 113 properties changed hands in Milton, which puts it as the 83th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Milton being $474000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 5.32%