Suburb Profile Report for Millbank QLD (4670)

Millbank House: Median price $242,550, Annual capital growth 1.34%, Number of sales 45, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Millbank, 4670 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.19%.

Comparing Millbank,4670 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Millbank4670 is located in QLD which offers an average discount of -7.32% to property investors. Millbank itself is showing figures that indicate -8.00% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 6.22%

HOUSE UNIT
$242,550 N/A
-3.75% N/A
-0.19% N/A
1.34% N/A
$290 N/A
45 N/A
6.22% N/A
101.16 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2601
Median household income ($/weekly) 784
Median age of persons 45
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 293 11.3
    35-44 years 275 10.6
    45-54 years 271 10.4
    55-64 years 353 13.6
    65-74 years 325 12.5
    Others 1084 41.7
    Age Group
    Census Count Percent(%)
    Not Married 810 46.2
    Registered Married 771 43.9
    Defacto Relationship 174 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2125 90.1
    Indonesia 11 0.5
    Papua New Guinea 36 1.5
    United Kingdom 64 2.7
    Other 42 1.8
    Others 81 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.0
    Christianity 1685 75.5
    Hinduism 20 0.9
    Islam 13 0.6
    No Religion 486 21.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 174 20.4
    $600-$799 124 14.5
    $800-$999 84 9.8
    $1,000-$1,249 80 9.4
    $1,500-$1,999 77 9.0
    Others 314 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 989 50.7
    Employed, worked full-time 528 27.0
    Employed, worked part-time 287 14.7
    Unemployed, looking for work 87 4.5
    Employed, away from work 61 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 148 16.9
    Technicians & trades workers 124 14.1
    Community & personal service workers 98 11.2
    Clerical & administrative workers 117 13.3
    Labourers 138 15.7
    Others 252 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 20 4.7
    Infants/Primary 179 42.4
    Secondary 118 28.0
    Technical or Further Educational Institution 35 8.3
    University or other Tertiary Institutions 51 12.1
    Others 19 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1836 83.0
    Semi-detached, row or terrace house, townhouse 284 12.8
    Flat, unit or apartment 56 2.5
    Caravan, cabin, houseboat 31 1.4
    House or flat attached to a shop, office 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 347 36.6
    Fully owned 341 36.0
    Being purchased 252 26.6
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals