Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
The suburb’s capital gain of 5.78% for the past year is lower than average compared to its 48.09% growth within a five-year period.
Also in MILLFIELD, the median home price is sitting at $407,250, and the average rent at $357.5, this suggests property owners could potentially earn a 4.56% increase in gross rental yield.
Property investors have seen a -12.42% drop in MILLFIELD based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.5% growth over a ten-year period. It ranks 29th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $407,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -12.42% | N/A |
| Median 12 month | 5.78% | N/A |
| Median 3 years | 11.58% | N/A |
| Median 5 years | 48.09% | N/A |
| 10 years average annual | 9.5% | N/A |
| Weekly media advert. rent | $357.5 | N/A |
| Time on Market | 99.1 days | N/A |
| Gross Rental Yield Percent | 4.56% | N/A |
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