2. NSW
  3. Cessnock

Houses Units

Here you can find what you need to know about Millfield, NSW, 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

$820K Median Sale Price (National Average $485k) 980th In NSW
-14.14% Median Sale Price Change (1yr) (National Average 4.30%) 4324th In NSW
Properties sold 24
Average discounting -6.80%
Average Days on Market 107
Stock on Market 18 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.

Millfield, NSW 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.

Millfield, NSW 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.

Millfield, NSW 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.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Millfield


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Millfield, NSW 2325

Part of: Cessnock Council No data available

The size of Millfield is approximately 32.1 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Millfield in 2011 was 805 people. By 2016 the population was 991 showing a population growth of 23.1% in the area during that time. The predominant age group in Millfield is 40-49 years. Households in Millfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Millfield work in a trades occupation. In 2011, 79.2% of the homes in Millfield were owner-occupied compared with 84.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Millfield

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Millfield   for Houses in last 12 months


There have been 24 Houses sold in Millfield in the past 12 months with a median sale price of $820K, down 14.1% annually. It takes on average 65 days to sell with vendor discounting of -6.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Millgrove VIC, 3799 4.66% $590,000 Unavailable Unavailable View Suburb Profile
Romsey VIC, 3434 -0.98% $755,000 $480pw 3.3% View Suburb Profile
Lymington TAS, 7109 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Wallacia NSW, 2745 6.50% $942,500 $620pw 3.4% View Suburb Profile
Caloundra West QLD, 4551 9.59% $800,000 $670pw 4.3% View Suburb Profile
Rosedale NSW, 2536 Unavailable $1,057,500 Unavailable Unavailable View Suburb Profile

Currency

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