Property investors who have had real estate in Millgrove, 3799 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.45%
Over the longer term, Millgrove has seen property prices show investors a 20.83% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.20% to buyers in Millgrove at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
With the median price for a house in Millgrove being $290000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.20%