2. QLD
  3. Bundaberg

Houses Units

Here you can find what you need to know about Millbank, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$499K Median Sale Price (National Average $485k) 814th In QLD
30.46% Median Sale Price Change (1yr) (National Average 4.30%) 45th In QLD
$500pw Median Rent (National Average $395) 599th In QLD
5.2% Median Gross Yield (National Average 4.24%) 163rd In QLD
Properties sold 55
Average discounting -2.74%
Average Days on Market 27
Stock on Market 14 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Millbank, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Millbank, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Millbank, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Millbank


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Millbank, QLD 4670

Part of: Bundaberg Council No data available

The size of Millbank is approximately 3.4 square kilometres. It has 4 parks covering nearly 7.8% of total area. The population of Millbank in 2011 was 2,601 people. By 2016 the population was 2,516 showing a population decline of 3.3% in the area during that time. The predominant age group in Millbank is 60-69 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation. In 2011, 60.4% of the homes in Millbank were owner-occupied compared with 55.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Millbank

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Millbank   for Houses in last 12 months


There have been 55 Houses sold in Millbank in the past 12 months with a median sale price of $499K, up 30.5% annually. It takes on average 16 days to sell with vendor discounting of -2.7%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Millbridge WA, 6232 13.51% $630,000 $660pw 5.5% View Suburb Profile
Bonalbo NSW, 2469 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Myrtleford VIC, 3737 -0.85% $585,000 $450pw 4.0% View Suburb Profile
Loftus NSW, 2232 11.91% $1,517,500 $940pw 3.2% View Suburb Profile
Mirriwinni QLD, 4871 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Svensson Heights QLD, 4670 12.35% $455,000 $500pw 5.7% View Suburb Profile

Currency

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