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Millmerran, QLD 4357

Home » QLD Real Estate Data » Toowoomba Regional, QLD » Millmerran, QLD 4357

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 Millmerran, QLD 4357 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.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Millmerran, QLD 4357”

  1. The total adult population (15 years or older) of Millmerran 4357 QLD is 1,275, with a median age of 45. Of those, 47.92% are married, 12.08% are divorced or separated, 32.08% are single and 7.84% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,084. The median monthly mortgage repayment for households in this suburb is $1,083 which is 17.80% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of MILLMERRAN, postcode 4357, is located in Queensland, currently comprising an estimated 1001 households. As we step into the third quarter of 2023, property data indicates a typical house price in MILLMERRAN to be $283,256. With a median weekly rent of $239, these property investments yield a very attractive return of approximately 4.39%.

    In the greater context, the IRSAD score of this suburb stands at 878 out of 1217, painting a demographic of moderate socio-economic standing, indicating a mix of income levels and occupational skills. The owner to renter ratio in the area is balanced at 30%, a valuable indicator of stable investment returns and long-term appreciation potential. Moreover, the market composition is primarily made up of houses, with the unit to houses ratio currently standing at 0%.

    Property affordability in MILLMERRAN is favourable with an index of 18 years, which is below the standard 30-year mortgage term. This is largely beneficial for buyers seeking cost-effective housing options.

    The supply metrics add another layer of attractiveness to MILLMERRAN’s property market. The indicative stock on the market percentage for houses is a mere 0.1%, and the inventory level reads at a low 0.35 months. Furthermore, there’s relatively less risk of market oversupply, with the building approvals ratio at 0.0%.

    The demand indicators for MILLMERRAN, however, present more of a mixed picture. The average property in MILLMERRAN remains on market for 165 days before sale, which is comparatively higher than desired, hinting at a slower property turnover. However, the suburb’s extremely low vacancy rate of 0.33%, combined for both houses and units, signals a high occupancy level and potential for rental income continuity. On the online front, the buy search index for houses is presently on 3, indicating a moderate level of buyer interest.

    Taken overall, key metrics reveal that in Q3 2023, the suburb of MILLMERRAN offers a balanced real estate investment environment, with its high yield rates, a predominantly house-based market, favourable affordability index and low supply metrics presenting attractive opportunities. Despite the slightly slow turnover rate, the extremely low vacancy rate mitigates this somewhat, making MILLMERRAN a suburb to consider for property investors. As with any property investment, continuous tracking of market developments is paramount to maximise returns.

    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.

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