Fraud Blocker

Millbank, QLD 4670

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Millbank, QLD 4670 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Millbank, QLD 4670”

  1. The total adult population (15 years or older) of Millbank 4670 QLD is 2,112, with a median age of 47. Of those, 38.73% are married, 16.86% are divorced or separated, 32.91% are single and 11.74% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,236. The median monthly mortgage repayment for households in this suburb is $1,188 which is 22.69% of their earnings.

    Source: ABS Census Data (2021)

  2. The QLD suburb of Millbank 4670, home to approximately 1215 households, boasts strong potential for property investors. As of Q3 2023, the typical price for houses in Millbank 4670 is $415,244, with a median weekly rent of $418. This translates to an attractive indicative yield of 5.23%, exceeding the minimum market requirement of 3% for cashflow-centered property investors.

    The suburb has an IRSAD score of 862 out of 1217, showcasing reasonable socio-economic conditions and access to resources that could appeal to prospective tenants and owners. The renter to owner ratio of 37% could potentially indicate a balanced property market, offering opportunities for both renters and owners.

    Further adding to the suburb’s appeal is its units to houses ratio of 9%, suggesting less competition among landlords for tenants and longer tenancy periods. This could be of interest to investors looking for more stable returns in the long run.

    However, the affordability index is at 31 years, slightly above the expected standard of a 30-year mortgage, signalling a marginally decreased affordability in the area. It’s a crucial factor to consider as it might impact the potential buyer pool in the future.

    On the supply side, Millbank’s stock on market percentage for houses is at 0.45%, suggesting a low supply that could favour sellers and boost property values. Combined with an inventory level of just 1.11 months, the market proves highly absorbent of new listings, pointing towards a seller’s market. With a building approval ratio of 0.82%, the supply of new dwellings appears steady yet unthreatening.

    The suburb’s average days on the market for houses stands at 51 days, slighty over the high demand bracket but not extending into the low demand segment. A low vacancy rate of 0.45% can be observed, pointing to high demand meaning potential for increased rental yields. The buy search index for houses at 4 is moderate, indicating a neutral demand.

    In conclusion, Millbank 4670 offers potential as a property investment opportunity, boasting a balance between vital factors. This doesn’t mean to overlook the slight lag in demand-indicating metrics. It’s always beneficial to keep an eye on market trends and developments with the help of RCS or other comprehensive analytic tools, for successful investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment