At number 4031th in the list of Australian suburbs ordered by increase in median house value over the last year, Millner, 0810 is in the BOTTOM 10% with a property value increase of -21.91% recorded in median house prices.
Millner,0810 was ranked 3862 in Australia by increase in median property value over the quarter.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 6.04%, without taking into account capital value appreciation, which has been averaging out at -1.72%.
Investment property in Millner has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -30.17%
Taking the average capital gain, or increase in median house value, Millner,0810 has racked up an average of -30.17% over the period. This ranks it number 1577th in the whole country for real estate investors looking at median house price increases.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 8.60%, without taking into account capital value appreciation, which has been averaging out at -3.20%.