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Property investors have seen a -2.51% drop in MILLNER based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MILLNER, 810 saw average decrease 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 $485,000
Profits averaged -5.82% per annum over a 3-year period, due to an downward trend in home prices in MILLNER, 810.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in MILLNER, 810 is 4.82%.
An average of 1.83 real estate transactions take place per month in MILLNER which translates to 22 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,000 | $280,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.51% | N/A |
| Median 12 month | -6.73% | -15.79% |
| Median 3 years | -17.45% | -24.93% |
| Median 5 years | -11.82% | -23.29% |
| 10 years average annual | 2.82% | 1.11% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 56.6 days | 0.0 days |
| Gross Rental Yield Percent | 4.82% | 6.5% |
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