Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $672,000.
The downward trend in home prices in MILLER, 2168 averaged -0.25% per annum over a 3-year period.
Average weekly rents on listings have reached the $372.5 mark, reflecting a 2.88% increase in returns based on the current median price in MILLER.
An average of 3.25 real estate transactions take place per month in MILLER which translates to 39 per annum.
39 properties were sold in MILLER in 2016, making it the 552nd most active market in NSW based on total real estate transactions.
MILLER, 2168 places 689th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.54%||N/A|
|Median 3 years||-0.74%||N/A|
|Median 5 years||15.27%||N/A|
|10 years average annual||8.8%||N/A|
|Weekly media advert. rent||$372.5||N/A|
|Time on Market||64.8 days||N/A|
|Gross Rental Yield Percent||2.88%||N/A|