With a capital gain of 25.85% for the last 12 months, Millgrove, 3799 has performed for property investments than its average annual 7.10% property growth over the last 5 years.
A 66.94% growth in median value for property investors in Millgrove,3799 puts this suburb at number 382th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Millgrove should be aiming for at least -3.86% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 44 properties changed hands in Millgrove, which puts it as the 455th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Millgrove being $409000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 4.13%