Millmerran is a small community in Queensland within the Toowoomba local government area (postcode 4357). With a population of 1,545, the suburb has a mature demographic with a median age of 45. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Millmerran is $270,000, having surged 13.9% over the past year. The median weekly rent is $240 (Census 2021). This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,083.
Millmerran is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 950, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Toowoomba LGA is moderate at 5,673 incidents per 100,000 population.
From an investment perspective, Millmerran offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($270K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +13.9% year-on-year.
Millmerran is a small community in Queensland within the Toowoomba local government area (postcode 4357). With a population of 1,545, the suburb has a mature demographic with a median age of 45. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Millmerran is $270,000, having surged 13.9% over the past year. The median weekly rent is $240 (Census 2021). This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,083.
Millmerran is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 950, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Toowoomba LGA is moderate at 5,673 incidents per 100,000 population.
From an investment perspective, Millmerran offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($270K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +13.9% year-on-year.