Millbank Real Estate, QLD, 4670 Bundaberg

Thinking about buying in Millbank? Now could not be a better time, with a whopping 1358 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $357,000 with prices in this suburb ranging from $136,000 to $734,000.

Distance to the coast is 13 Km.

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. 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.

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For Sale

LJ Hooker 360 BOURBONG ST, MILLBANK, QLD, 4670 3 1 Auction - 1st June 2022
PRD 375 BOURBONG ST, MILLBANK, QLD, 4670 3 2 2 Under Offer
RayWhite 355 BOURBONG ST, MILLBANK, QLD, 4670 3 1 2 Open Home…
RayWhite 8 STRINGER ST, MILLBANK, QLD, 4670 3 1 2 O/a $243,000

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Local Schools


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)

Local Crime Stats


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan5.021.631.350.291.74.925.1
Feb5.221.630.953.192.04.822.1
Mar5.820.829.953.793.44.619.3
Apr1.617.728.249.092.04.017.6
May1.413.925.046.691.53.615.1
Jun2.112.623.150.391.93.812.9
Jul0.810.423.143.192.13.414.5
Aug0.710.824.537.192.23.617.1
Sept0.613.926.838.291.44.121.0
Oct1.616.128.042.491.54.424.4
Nov1.818.929.745.190.64.626.3
Dec4.520.530.649.291.04.726.2

source: Australian Government Bureau of Meteorology

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