Suburb Profile Report for Milang SA (5256)

Milang House: Median price $235,000, Annual capital growth 2.71%, Number of sales 28, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

Milang is in the bottom 20% in SA when comparing median price capital growth over the last year. Milang gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.81%.

Milang,5256 was ranked 818 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Milang, 5256. Typically our figures indicate that -10.12% is being offered, which puts this SA suburb at 337th most discounted overall in Australia.

At number 3696 in a list of fastest selling suburbs, Milang is in the bottom 10% of suburbs in Australia with an average of days on market 164.88 for properties listed there.

Milang, 5256’s gross rental yield is 6.20%

HOUSE UNIT
$235,000 N/A
3.30% N/A
-5.81% N/A
2.71% N/A
$280 N/A
28 N/A
6.20% N/A
164.88 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 882
Median household income ($/weekly) 757
Median age of persons 46
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 94 10.7
    35-44 years 94 10.7
    45-54 years 123 13.9
    55-64 years 189 21.4
    65-74 years 106 12.0
    Others 276 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 344 50.3
    Not Married 262 38.3
    Defacto Relationship 78 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 701 81.5
    Greece 6 0.7
    Papua New Guinea 13 1.5
    United Kingdom 106 12.3
    Other 12 1.4
    Others 22 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 493 62.8
    No Religion 279 35.5
    Buddhism 7 0.9
    Other Religious Groups 6 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 11.1
    $400-$599 66 19.4
    $600-$799 56 16.4
    $1,000-$1,249 28 8.2
    $1,500-$1,999 41 12.0
    Others 112 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 300 41.8
    Employed, worked full-time 226 31.5
    Employed, worked part-time 145 20.2
    Unemployed, looking for work 25 3.5
    Employed, away from work 21 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 77 19.6
    Technicians & trades workers 61 15.6
    Community & personal service workers 44 11.2
    Clerical & administrative workers 46 11.7
    Labourers 69 17.6
    Others 95 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 6.4
    Infants/Primary 63 40.1
    Secondary 50 31.8
    Technical or Further Educational Institution 16 10.2
    University or other Tertiary Institutions 12 7.6
    Others 6 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 828 97.9
    Semi-detached, row or terrace house, townhouse 13 1.5
    Caravan, cabin, houseboat 5 0.6
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 158 42.8
    Fully owned 147 39.8
    Rented 60 16.3
    Other tenure type 4 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals