Suburb Profile Report for Millstream QLD (4888)

Millstream House: Median price $265,000, Annual capital growth 3.17%, Number of sales 44, Weekly median advertised rent $350

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Millstream, 4888 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.43%

If we look at median property appreciation over just the last three months, Millstream has given property investors a paper return of -7.02%. This puts Suburb as 1032 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Millstream are currently offering property investors an average price cut of -6.97% below the asking price at the moment.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 6.87%, without taking into account capital value appreciation, which has been averaging out at 3.17%.

Metrics i HOUSE UNIT
$265,000 N/A
-7.02% N/A
-23.43% N/A
3.17% N/A
$350 N/A
44 N/A
6.87% N/A
126.25 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1070
Median household income ($/weekly) 583
Median age of persons 45
Median housing loan repayment ($/monthly) 1100
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 155 14.5
    35-44 years 142 13.3
    45-54 years 145 13.5
    55-64 years 202 18.9
    65-74 years 142 13.3
    Others 285 26.6
    Age Group
    Census Count Percent(%)
    Registered Married 360 51.0
    Not Married 272 38.5
    Defacto Relationship 74 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 848 85.7
    Greece 10 1.0
    Papua New Guinea 18 1.8
    United Kingdom 49 5.0
    Other 18 1.8
    Others 46 4.7
    Country of Birth
    Census Count Percent(%)
    Christianity 564 60.9
    No Religion 331 35.7
    Buddhism 17 1.8
    Other Religious Groups 14 1.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 58 17.3
    $400-$599 75 22.4
    $600-$799 51 15.2
    $800-$999 29 8.7
    $1,500-$1,999 23 6.9
    Others 99 29.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 425 55.1
    Employed, worked full-time 171 22.2
    Employed, worked part-time 109 14.1
    Unemployed, looking for work 40 5.2
    Employed, away from work 27 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 35 11.4
    Technicians & trades workers 55 17.9
    Community & personal service workers 43 14.0
    Machinery operators & drivers 57 18.6
    Labourers 36 11.7
    Others 81 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 6 3.0
    Infants/Primary 103 51.5
    Secondary 63 31.5
    Technical or Further Educational Institution 12 6.0
    Other type of educational institution 12 6.0
    Others 4 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 884 94.4
    Improvised home, tent, sleepers out 39 4.2
    Caravan, cabin, houseboat 13 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 166 43.3
    Being purchased 155 40.5
    Rented 58 15.1
    Other tenure type 4 1.0
    Tenure Type
Census 2011, ABS
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