VIC/
Millgrove

Suburb Profile

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

house

A 23.05% increase in median property prices in MILLGROVE, 3799 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 76th.

A steady increase in median property prices over a five-year period in the suburb translates to a 35.7% 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 $363,000

The augmented property values in the suburb are trailing above the territorial average of 11.1% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $320.

Home owners selling their properties and realtors in MILLGROVE usually have to wait an average of 34.4 days days before their assets are lifted off the market.

The VIC suburb ranks 134th on the list of best yielding suburbs for rental properties in VIC, posting a 4.58% return.

It also places places 13th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $363,000 N/A
GROWTH REPORT
Median Quarterly 13.44% N/A
Median 12 month 23.05% N/A
Median 3 years 35.7% N/A
Median 5 years 51.27% N/A
10 years average annual 6.99% N/A
Weekly media advert. rent $320 N/A
Time on Market 34.4 days N/A
Gross Rental Yield Percent 4.58% N/A
demographics (median values)
Total Population
1582
Weekly Household Income
698.4
Household Size
2.50
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Millgrove, VIC
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