Suburb Profile Report for Millbank QLD (4670)

Millbank House: Median price $245,000, Annual capital growth 0.35%, Number of sales 33, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

Millbank has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.54% to date .

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

Sellers are offering property buyers an average discount of -6.72% to buyers in Millbank at the moment, which is less than average for the rest of QLD.

With the median price for a house in Millbank being $245000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.94%

Metrics i HOUSE UNIT
$245,000 N/A
1.54% N/A
1.54% N/A
0.35% N/A
$280 N/A
33 N/A
5.94% N/A
86.97 N/A

Source: CoreLogic

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