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AREA REPORTS

Millbank

Suburb Profile

Millbank - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4670

house
unit

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

This number can mean, real estate investors could earn a rental income of $287.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $287.5 mark, reflecting a 6.5% increase in returns based on the current median price in MILLBANK.

MILLBANK, 4670 ranks 539th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 82nd on the list of best yielding suburbs for rental properties in QLD, posting a 6.5% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $230,000 $242,000
GROWTH REPORT
Median Quarterly -2.13% -5.1%
Median 12 month -2.13% N/A
Median 3 years -4.17% N/A
Median 5 years -8% N/A
10 years average annual -0.3% 2.78%
Weekly media advert. rent $287.5 $225
Time on Market 101.3 days 0.0 days
Gross Rental Yield Percent 6.5% 4.83%
demographics (median values)
Total Population
2067
Weekly Household Income
634.5
Household Size
2.30
demographics
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Top 10 Birth Countries
Dwelling Structures
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Household Income
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Tenure Type

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