Millgrove is in the bottom 30% in VIC when comparing median price capital growth over the last year. Millgrove gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.61%.
If we look at median property appreciation over just the last three months, Millgrove has given property investors a paper return of 1.13%. This puts Suburb as 448 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Millgrove is $295000, with sellers offering an average of -3.37% off the asking price.
At number 48 in a list of fastest selling suburbs, Millgrove is in the TOP 10% of suburbs in Australia with an average of days on market 28.3 for properties listed there.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.11%, without taking into account capital value appreciation, which has been averaging out at 5.00%.