Property investors who have had real estate in Millner, 0810 should be unhappy with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.74%
Millner,0810 was ranked 4092 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 1.30%, investors should hope to achieve an overall return of 5.32%
A $350 per week rent on the median house gives suburb investors a gross yield of circa 6.44%, without taking into account capital value appreciation, which has been averaging out at 4.42%.