Suburb Profile Report for Millgrove VIC (3799)

Millgrove House: Median price $297,000, Annual capital growth 5.26%, Number of sales 43, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

Millgrove, 3799 ranked 580th in VIC when comparing growth in median property values or capital gain over the last 12 months. Millgrove is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Millgrove has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Millgrove, 3799. Typically our figures indicate that -3.32% is being offered, which puts this VIC suburb at 3392th most discounted overall in Australia.

Often selling an investment property can take time, and in Millgrove the average time real estate has been on the market is 29.18 days.

Metrics i HOUSE UNIT
$297,000 N/A
0.68% N/A
1.19% N/A
5.26% N/A
$290 N/A
43 N/A
5.08% N/A
29.18 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 1554
Median household income ($/weekly) 769
Median age of persons 40
Median housing loan repayment ($/monthly) 1170
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 184 11.8
    25-34 years 174 11.2
    35-44 years 213 13.7
    45-54 years 257 16.5
    55-64 years 211 13.6
    Others 514 33.1
    Age Group
    Census Count Percent(%)
    Not Married 591 52.6
    Registered Married 395 35.2
    Defacto Relationship 137 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1241 86.2
    New Zealand 19 1.3
    Papua New Guinea 18 1.3
    United Kingdom 94 6.5
    Other 19 1.3
    Others 48 3.3
    Country of Birth
    Census Count Percent(%)
    Christianity 716 55.2
    No Religion 533 41.1
    Buddhism 27 2.1
    Other Religious Groups 17 1.3
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 70 12.9
    $400-$599 82 15.1
    $600-$799 85 15.6
    $800-$999 64 11.8
    $1,000-$1,249 68 12.5
    Others 175 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 492 42.9
    Employed, worked full-time 359 31.3
    Employed, worked part-time 200 17.4
    Employed, away from work 50 4.4
    Unemployed, looking for work 47 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 122 20.1
    Community & personal service workers 92 15.2
    Clerical & administrative workers 65 10.7
    Machinery operators & drivers 76 12.5
    Labourers 110 18.1
    Others 142 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 27 8.3
    Infants/Primary 116 35.7
    Secondary 93 28.6
    Technical or Further Educational Institution 30 9.2
    University or other Tertiary Institutions 36 11.1
    Others 23 7.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1435 99.8
    Caravan, cabin, houseboat 3 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 293 47.6
    Fully owned 194 31.5
    Rented 122 19.8
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals