Millner is a smaller residential area in Northern Territory within the Darwin local government area (postcode 0810). The area has roughly 2,576 residents and a blend of families and working-age professionals, with a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Millner has a median house price of $595,000, which has dropped significantly by 8.5% year-on-year. Units have a median price of $273,000 (-9.2% YoY). The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,733.
Millner is served by 1 school, including 1 primary. The average ICSEA score is 911, which is below the national average of 1,000. Public transport access includes 17 bus stops.
From an investment perspective, Millner shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are near the state median ($595K/$711K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved -8.5% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.