Millbank has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 21.52% to date .
Millbank,4670 was ranked 620 in Australia by increase in median property value over the quarter.
Property buyers and investors in Millbank 4670 should be seeing an average reduction in asking price of around -3.46% . This means that Millbank is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Property value increases in Millbank have tracked just lower than the QLD average of 8.71% over the last 12 months.
Comparing Millbank,4670 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
With the median price for a house in Millbank being $256000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.48%