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Millgrove

Suburb Profile

Millgrove - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3799

house

A steady increase in median property prices over a five-year period in the suburb translates to a 42.37% capital gain.

It 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 $420,000

The augmented property values in the suburb are trailing above the territorial average of 0.01% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $340.

Home owners selling their properties and realtors in MILLGROVE usually have to wait an average of 68.1 days days before their assets are lifted off the market.

The VIC suburb ranks 177th on the list of best yielding suburbs for rental properties in VIC, posting a 4.21% return.

It also places places 121st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,000 N/A
GROWTH REPORT
Median Quarterly 4.35% N/A
Median 12 month 2.69% N/A
Median 3 years 42.37% N/A
Median 5 years 64.71% N/A
10 years average annual 7.11% N/A
Weekly media advert. rent $340 N/A
Time on Market 68.1 days N/A
Gross Rental Yield Percent 4.21% N/A
demographics (median values)
Total Population
1582
Weekly Household Income
698.4
Household Size
2.50
demographics
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