Investment property in Millicent has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.57%
Over the longer term, Millicent has seen property prices show investors a 1.84% return over the last 3 years. This is an improvement over the last 12 months
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 Millicent, 5280. Typically our figures indicate that -7.61% is being offered, which puts this SA suburb at 802th most discounted overall in Australia.
A $210 per week rent on the median house gives suburb investors a gross yield of circa 6.58%, without taking into account capital value appreciation, which has been averaging out at 0.81%.
Millicent is in the bottom 10% in SA when comparing median price capital growth over the last year. Millicent gave property investors a dismal capital gain figure when compared to the rest of the state, with -24.60%.
While Millicent,5280 ranked number 164th in SA for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.
Renters in Suburb are facing rents around $1740 per annum or $145 every week.