MILLER, 2168 ranks 611th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.8% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $675,000.
The upward trend in home prices in MILLER, 2168 averaged 22.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.08% increase in returns based on the current median price in MILLER.
An average of 2.42 real estate transactions take place per month in MILLER which translates to 29 per annum.
29 properties were sold in MILLER in 2016, making it the 702nd most active market in NSW based on total real estate transactions.
MILLER, 2168 places 99th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.8%||N/A|
|Median 3 years||66.67%||N/A|
|Median 5 years||114.29%||N/A|
|10 years average annual||11.15%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||32.2 days||N/A|
|Gross Rental Yield Percent||3.08%||N/A|