Suburb Profile Report for Millicent SA (5280)

Millicent House: Median price $146,000, Annual capital growth -1.23%, Number of sales 87, Weekly median advertised rent $200

Millicent Unit: Median price $123,000, Annual capital growth 3.51%, Number of sales 20, Weekly median advertised rent $140

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

Source: CoreLogic

  • House Report
  • Unit Report

SA has seen average median house prices change by 3.22% which means that Millicent, 5280 has done well for property investors by showing a capital gain of -1.02% over the last year

Across a shorter period, Millicent, 5280 has seen a median price increase of 4.29% over the last quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Millicent itself are offering an average vendor discount of -10.75% to real estate investors.

Residents and property investors in Millicent have been waiting around 152.45 days to sell a property.

Property investors should expect to get $200 weekly from the median priced house in this suburb.

Over the last year, property investments in Millicent, 5280 have given investors a capital gain of 11.31%. This compares favourably with the 4.44% for SA as a whole.

Millicent,5280 was ranked 1347 in Australia by increase in median property value over the quarter.

Millicent, 5280 is offering SA ‘s 144th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.

With the median price for a house in Millicent being $123000 and the advertised rent reaching $140 the gross rental yield for property investors calculates out to be 5.92%

HOUSE UNIT
$146,000 $123,000
4.29% -2.38%
-1.02% 11.31%
-1.23% 3.51%
$200 $140
87 20
7.12% 5.92%
152.45 68.83

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Millicent SA
Demographics
Total population 5025
Median household income ($/weekly) 786
Median age of persons 42
Median housing loan repayment ($/monthly) 1000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 688 13.7
    25-34 years 489 9.7
    35-44 years 647 12.9
    45-54 years 732 14.6
    55-64 years 633 12.6
    Others 1836 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1766 49.5
    Not Married 1431 40.1
    Defacto Relationship 372 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4302 89.3
    Japan 65 1.3
    New Zealand 46 1.0
    United Kingdom 262 5.4
    Other 37 0.8
    Others 103 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 2884 63.6
    No Religion 1624 35.8
    Other Religious Groups 10 0.2
    Buddhism 9 0.2
    Islam 7 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 210 11.4
    $400-$599 319 17.4
    $600-$799 236 12.8
    $800-$999 174 9.5
    $1,500-$1,999 200 10.9
    Others 698 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1667 43.1
    Employed, worked full-time 1119 28.9
    Employed, worked part-time 734 19.0
    Unemployed, looking for work 176 4.5
    Employed, away from work 175 4.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 351 17.3
    Community & personal service workers 215 10.6
    Clerical & administrative workers 223 11.0
    Machinery operators & drivers 248 12.2
    Labourers 361 17.8
    Others 632 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 69 6.3
    Infants/Primary 509 46.8
    Secondary 306 28.2
    Technical or Further Educational Institution 134 12.3
    University or other Tertiary Institutions 48 4.4
    Others 21 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4210 91.9
    Flat, unit or apartment 186 4.1
    Semi-detached, row or terrace house, townhouse 168 3.7
    Caravan, cabin, houseboat 9 0.2
    House or flat attached to a shop, office 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 724 37.0
    Being purchased 694 35.4
    Rented 531 27.1
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals