Suburb Profile Report for Millmerran QLD (4357)

Millmerran House: Median price $245,000, Annual capital growth 6.61%, Number of sales 11, Weekly median advertised rent $253

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

Source: CoreLogic

  • House Report

At number 47th 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 36.11% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Millmerran has increased when compared to the 5 year average annual rate.

A $252.5 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 6.61%.

Metrics i HOUSE UNIT
$245,000 N/A
6.52% N/A
36.11% N/A
6.61% N/A
$253 N/A
11 N/A
5.36% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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