Suburb Profile Report for Millbank QLD (4670)

Millbank House: Median price $262,000, Annual capital growth 0.87%, Number of sales 33, Weekly median advertised rent $295

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Millbank, 4670 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.23%

While Millbank,4670 ranked number 113th in QLD for increase in median house value (annualised) increase, it is ranked 601th over the last 5 years.

Millbank, 4670 is offering QLD ‘s 144th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

Often selling an investment property can take time, and in Millbank the average time real estate has been on the market is 92.5 days.

Advertised rents are around the $295 mark per week – giving a return of 5.85% based on the median price in Suburb

Metrics i HOUSE UNIT
$262,000 N/A
3.76% N/A
17.23% N/A
0.87% N/A
$295 N/A
33 N/A
5.85% N/A
92.5 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Millbank QLD
Demographics
Total population 2601
Median household income ($/weekly) 784
Median age of persons 45
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 293 11.3
    35-44 years 275 10.6
    45-54 years 271 10.4
    55-64 years 353 13.6
    65-74 years 325 12.5
    Others 1084 41.7
    Age Group
    Census Count Percent(%)
    Not Married 810 46.2
    Registered Married 771 43.9
    Defacto Relationship 174 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2125 90.1
    Indonesia 11 0.5
    Papua New Guinea 36 1.5
    United Kingdom 64 2.7
    Other 42 1.8
    Others 81 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.0
    Christianity 1685 75.5
    Hinduism 20 0.9
    Islam 13 0.6
    No Religion 486 21.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 174 20.4
    $600-$799 124 14.5
    $800-$999 84 9.8
    $1,000-$1,249 80 9.4
    $1,500-$1,999 77 9.0
    Others 314 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 989 50.7
    Employed, worked full-time 528 27.0
    Employed, worked part-time 287 14.7
    Unemployed, looking for work 87 4.5
    Employed, away from work 61 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 148 16.9
    Technicians & trades workers 124 14.1
    Community & personal service workers 98 11.2
    Clerical & administrative workers 117 13.3
    Labourers 138 15.7
    Others 252 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 20 4.7
    Infants/Primary 179 42.4
    Secondary 118 28.0
    Technical or Further Educational Institution 35 8.3
    University or other Tertiary Institutions 51 12.1
    Others 19 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1836 83.0
    Semi-detached, row or terrace house, townhouse 284 12.8
    Flat, unit or apartment 56 2.5
    Caravan, cabin, houseboat 31 1.4
    House or flat attached to a shop, office 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 347 36.6
    Fully owned 341 36.0
    Being purchased 252 26.6
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
Chart Table