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. The slightly lower than average earnings from occupations in Millbank changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Millbank to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|34 PAYNE ST, MILLBANK, QLD, 4670||3||1||2||Offers Above $429,000|
|23 WENDT ST, MILLBANK, QLD, 4670||3||1||1||Offers Above $370,000|
|11 PARKER ST, MILLBANK, QLD, 4670||3||1||Offers Above $289,000|
|8 STRINGER ST, MILLBANK, QLD, 4670||3||1||2||O/a $243,000|
None within suburb boundary(While the above schools are located with the suburb of Millbank there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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