Suburb Profile Report for Millmerran QLD (4357)

Millmerran House: Median price $242,500, Annual capital growth 5.69%, Number of sales 16, Weekly median advertised rent $253

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

Source: CoreLogic

  • House Report

At number 74th in the list of Australian suburbs ordered by increase in median house value over the last year, Millmerran, 4357 is in the top 10% with a property value increase of 32.15% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Millmerran,4357 has racked up an average of 32.15% over the period. This ranks it number 2217th in the whole country for real estate investors looking at median house price increases.

A $252.5 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 5.69%.

Metrics i HOUSE UNIT
$242,500 N/A
1.04% N/A
32.15% N/A
5.69% N/A
$253 N/A
16 N/A
5.41% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 1564
Median household income ($/weekly) 920
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 217 13.9
    25-34 years 193 12.3
    35-44 years 197 12.6
    45-54 years 192 12.3
    55-64 years 181 11.6
    Others 586 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 586 55.3
    Not Married 381 36.0
    Defacto Relationship 92 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1323 89.2
    Papua New Guinea 17 1.1
    Philippines 42 2.8
    United Kingdom 23 1.5
    Other 57 3.8
    Others 22 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1307 88.3
    No Religion 166 11.2
    Buddhism 7 0.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 46 8.9
    $400-$599 86 16.6
    $600-$799 61 11.8
    $800-$999 49 9.5
    $1,500-$1,999 60 11.6
    Others 215 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 475 40.3
    Not in the labour force 447 37.9
    Employed, worked part-time 186 15.8
    Employed, away from work 50 4.2
    Unemployed, looking for work 22 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 83 11.7
    Technicians & trades workers 129 18.2
    Clerical & administrative workers 76 10.7
    Machinery operators & drivers 93 13.1
    Labourers 158 22.3
    Others 170 24.0
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.8
    Infants/Primary 139 47.3
    Secondary 86 29.3
    Technical or Further Educational Institution 23 7.8
    University or other Tertiary Institutions 16 5.4
    Others 10 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1289 94.2
    Flat, unit or apartment 47 3.4
    Caravan, cabin, houseboat 26 1.9
    Semi-detached, row or terrace house, townhouse 4 0.3
    House or flat attached to a shop, office 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 215 38.9
    Rented 181 32.7
    Being purchased 157 28.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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