Millbank QLD Property Investment

· 4670

Median House Price
$658K
Rental Yield
4.7%
Vacancy Rate
3.0%
Median Weekly Rent
$590/wk
Median Unit Price
$471K
Population
2,499
Days on Market
12 days
Annual Growth
14.3%

Millbank Short-Term Rental (Airbnb) Market

Avg Nightly Rate
$432.75/night
Occupancy Rate
44%
Est. Annual Revenue
$70K

Macro Environment

Macro Indicators

Cash Rate

4.35%

0.25%

Cash rate as at 2026-05-06 · Credit data 2026-03

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 4670

Most disadvantagedLeast disadvantaged

Decile 2 of 10 — High disadvantage

Population

84,718

Education (IEO)

2/10

Econ. Resources (IER)

3/10

10-Year Investment Projection

Modelled on Millbank QLD data — rent, capital growth, tax, and depreciation over 10 years.

Pre-filled: $590/wk median rent for Millbank. Capital growth and rent increase are editable assumptions.

Schools

In your catchment

Avoca SS
PrimaryGovernment
4.9/10
Bundaberg SHS
SecondaryGovernment
5.1/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.

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Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.

Millbank QLD Property Market — Median, Growth, Yield · Estait | Estait