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Millbank
QLD, 4670 - Bundaberg

Thinking about buying in Millbank? Now could not be a better time, with 1366 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $401,000 with prices in this suburb ranging from $66,000 to $1,421,000. The aproximate distance to the coast is 12 Km.

Household Makeup

Median Weekly Rent $276.67
Median Monthly Mortgage $1152.67
Median Persons Per Bedroom 0.73
Average Household Size 2.33
Average Age 45.00
Average Income $578.67
Average Cars Per Dwelling 1.59
Average Properties Within 50M 9

Housing Stock

Average Property Prices

1 Bed  $313,000
2 Bed  $296,000
3 Bed  $404,000
4 Bed  $581,000
5 Bed  $605,000
6 Bed+$533,000

Millbank Real Estate Market Outlook

In Millbank there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Millbank is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Millbank leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Millbank the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.


Local Schools

Bundaberg West State School

Avoca State School

St Patrick's Catholic Primary School

Norville State School

Tom Quinn Community Centre Alternative School

Coral Coast Christian School

Bundaberg Special School

Bundaberg North State School

Bundaberg Central State School

Bundaberg North State High School

(While the above schools are located with the suburb of Millbank there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Millbank weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan4.020.828.860.088.65.224.1
Feb10.520.128.160.891.24.519.3
Mar11.918.926.763.192.54.515.8
Apr4.315.224.756.492.53.814.9
May3.01222.652.992.23.412.3
Jun3.39.820.154.091.53.711.0
Jul1.17.720.247.392.93.412
Aug1.78.021.243.092.03.715.2
Sept2.111.322.946.790.24.517.7
Oct3.514.024.153.890.74.620.7
Nov1.216.526.549.887.55.124.9
Dec6.519.027.457.988.55.223.0

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

21-07-2023 $846,500 310 BILLYBYANG CREEK RD
07-06-2022 $455,000 311 SUNDOWNER RD
17-05-2022 $340,000 1363 HICKEYS CREEK RD
28-07-2021 $465,000 201 SUNDOWNER RD
10-05-2021 $600,000 411 HICKEYS CREEK RD
13-04-2021 $225,000 1890 HICKEYS CREEK RD
22-04-2020 $1,020,000 749 HICKEYS CREEK RD
05-03-2018 $295,000 4 HICKEYS CREEK RD
01-02-2018 $332,500 310 BILLYBYANG CREEK RD
31-05-2017 $400,000 201 SUNDOWNER RD
06-07-2016 $282,500 310 BILLYBYANG CREEK RD
15-07-2015 $130,000 241 SUNDOWNER RD
22-01-2013 $115,000 448 HICKEYS CREEK RD
19-09-2012 $175,000 391 SUNDOWNER RD
21-06-2012 $235,000 4 HICKEYS CREEK RD
17-10-2011 $105,000 220 SILVERMOON LANE
05-10-2011 $297,500 172 SUNDOWNER RD
28-01-2011 $440,000 201 SUNDOWNER RD
27-11-2009 $630,000 749 HICKEYS CREEK RD
12-03-2009 $230,000 69 SUNDOWNER RD
04-02-2009 $178,000 1429 HICKEYS CREEK RD
11-05-2007 $1,270,000 254 HICKEYS CREEK RD
10-05-2007 $125,000 241 SUNDOWNER RD
28-09-2006 $10,000 1429 HICKEYS CREEK RD
10-03-2006 $100,000 311 SUNDOWNER RD
18-01-2006 $200,000 1391 HICKEYS CREEK RD
18-11-2005 $166,000 1367 HICKEYS CREEK RD
03-05-2005 $320,000 1786 HICKEYS CREEK RD
05-01-2005 $116,667 53 SILVER MOON LANE

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

AvocaBundaberg WestSvensson HeightsBundaberg CentralNorvilleOakwoodBundaberg NorthBundaberg SouthWalkervaleKensington

Public Transport


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