Suburb Profile Report for Millswood SA (5034)

Millswood House: Median price $1,065,000, Annual capital growth 7.37%, Number of sales 29, Weekly median advertised rent $570

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 290th in the list of Australian suburbs ordered by increase in median house value over the last year, Millswood, 5034 is in the top 10% with a property value increase of 18.33% recorded in median house prices.

Comparing Millswood,5034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Millswood is giving property investors an average Vendor Discount of around -8.00%. This puts suburb at number 67th in SA when ranking the most discounted suburbs.

Using the current median advertised rental of $570 and the average annual increase in value of a median property of 7.37%, investors should hope to achieve an overall return of 2.78%

HOUSE UNIT
$1,065,000 N/A
1.91% N/A
18.33% N/A
7.37% N/A
$570 N/A
29 N/A
2.78% N/A
74.38 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Millswood SA
Demographics
Total population 2043
Median household income ($/weekly) 2068
Median age of persons 42
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 282 13.8
    35-44 years 278 13.6
    45-54 years 325 15.9
    55-64 years 310 15.2
    65-74 years 194 9.5
    Others 653 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 933 60.5
    Not Married 520 33.7
    Defacto Relationship 89 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1638 82.9
    Croatia 22 1.1
    Hong Kong 31 1.6
    United Kingdom 119 6.0
    Other 29 1.5
    Others 136 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 1.1
    Christianity 1236 65.3
    Hinduism 7 0.4
    Other Religious Groups 15 0.8
    No Religion 603 31.9
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 76 11.4
    $2,000-$2,499 62 9.3
    $2,500-$2,999 103 15.5
    $3,000-$3,499 82 12.3
    $4,000 or more 55 8.3
    Others 287 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 632 40.0
    Not in the labour force 481 30.4
    Employed, worked part-time 372 23.5
    Employed, away from work 53 3.4
    Unemployed, looking for work 43 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 178 16.8
    Professionals 439 41.5
    Technicians & trades workers 82 7.8
    Clerical & administrative workers 130 12.3
    Sales 94 8.9
    Others 135 12.8
    Occupation
    Census Count Percent(%)
    Pre-school 26 4.5
    Infants/Primary 213 37.2
    Secondary 150 26.2
    Technical or Further Educational Institution 25 4.4
    University or other Tertiary Institutions 144 25.2
    Others 14 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1841 93.8
    Semi-detached, row or terrace house, townhouse 86 4.4
    Flat, unit or apartment 35 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 343 47.1
    Being purchased 293 40.2
    Rented 92 12.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals