Millbank, 4670 ranked 751th in QLD when comparing growth in median property values or capital gain over the last 12 months. Millbank is one of 2415 in our list for QLD
Over the longer term, Millbank has seen property prices show investors a -7.69% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Millbank should be aiming for at least -7.66% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 6.07%, without taking into account capital value appreciation, which has been averaging out at 1.12%.