Over the last year, property investments in Millbank, 4670 have given investors a capital gain of -8.25%. This compares very badly with the 1.17% for QLD as a whole.
Over the longer term, Millbank has seen property prices show investors a -7.78% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -8.10% to buyers in Millbank at the moment, which is less than average for the rest of QLD.
In the last year 42 properties changed hands in Millbank, which puts it as the 503th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Millbank being $222500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.78%