MILLGROVE 3799
State: VICPosiProp AI Investment Summary
MILLGROVE (VIC 3799) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.0% and has experienced a 12-month capital growth of Up 1.6%, with a median house buy price of $620,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
$595,000
$627,500
$635,000
$620,000
Suburb Market Profile
Last month Millgrove had 0 properties available for rent and 4 properties for sale. Median sold prices over the last year is $620,000 for houses. If you are looking for an investment property, consider houses in Millgrove rent out for $555 PW with an annual rental yield of 5.0% and units rent for $275 PW with a rental yield of 4.3%. Millgrove has seen an annual compound growth rate of 1.6% for houses.
Top Yielding Suburbs in VIC
Explore other high-yield positive cash flow investment markets in VIC