Giving property investors a an average capital gain of 3.41% for the last year, Millbridge, 6232 is the 2201th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Millbridge has given property investors a paper return of 1.79%. This puts Suburb as 79 on a list of fastest fasting appreciating suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Millbridge itself are offering an average vendor discount of -5.74% to real estate investors.
In the last year 45 properties changed hands in Millbridge, which puts it as the 251th most active market in WA when comparing the number of sales per suburb.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 11.51%, investors should hope to achieve an overall return of 4.54%