Millner

POSTAL CODE: NT, 810

HOUSE

UNIT

Property investors have seen a 10.82% gain in MILLNER based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MILLNER, 810 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 19.63%.

Based on its average 5-year and quarterly capital gains MILLNER, 810 saw average growth in the long term.

The NT 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 $640,000

Profits averaged 4.67% per annum over a 3-year period, due to an upward trend in home prices in MILLNER, 810.

This means, real estate investors could earn a rental income of $685 based on current median home prices for the suburb.

The gross rental yield in MILLNER, 810 is 5.57%.

An average of 2.83 real estate transactions take place per month in MILLNER which translates to 34 per annum.

Property investments in MILLNER fare well against the rest of the country last year, registering a median home price increase of 8.8%.

Figures from the previous quarter show that capital gains for real estate buyers in MILLNER are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MILLNER, 810 saw average growth in the long term.

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MILLNER, homes and units usually stay on listing for an average of 47.8 days.

the NT 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 $340,000

Investors saw the median home price rise to $340,000.

MILLNER ranks 14th on the list of best yielding suburbs for rental properties in NT, posting a 7.65% return.

Surburb overview

"Millner is a well-established and family-friendly suburb in the Northern Territory, offering residents a comfortable suburban lifestyle with access to essential amenities and a strong sense of community.

Millner is situated approximately 9-11 kilometres northeast of Darwin’s central business district (CBD). Its central location allows residents to enjoy the city’s amenities while residing in a peaceful suburban environment.

With a population of around 2,500 residents, Millner is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Millner falls under the jurisdiction of the City of Darwin, ensuring residents have access to municipal services, infrastructure and community programs tailored to their needs.

Millner enjoys efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like The Essington School Darwin and Nightcliff Primary School. The nearby Casuarina Square Shopping Centre has a range of retail shops, dining options and entertainment facilities.

Millner presents a range of recreational opportunities. The suburb features several parks, playgrounds and green spaces, making it ideal for outdoor activities and family outings. The nearby Rapid Creek Markets is a popular destination for fresh produce and local crafts. Millner’s proximity to the Casuarina Coastal Reserve allows residents to explore nature trails, enjoy beachside picnics and swim in the ocean.

Millner offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$640,000	$340,000
Growth Report
Median Quarterly	10.82%	4.62%
Median 12 month	19.63%	8.8%
Median 3 years	14.29%	10.39%
Median 5 years	43.82%	70.85%
10 years average annual	2.13%	-0.07%
Weekly media advert. rent	$685	$500
Time on Market	78.7 days	47.8 days
Gross Rental Yield Percent	5.57%	7.65%

Demographics (Median Values)*

Total Population 33302

Weekly Household Income 2107

Household Size 2.80

Average Age 34

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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