Suburb Profile Report for Millicent SA (5280)

Millicent House: Median price $160,000, Annual capital growth 0.17%, Number of sales 86, Weekly median advertised rent $200

Millicent Unit: Median price $126,000, Annual capital growth -6.10%, Number of sales 15, Weekly median advertised rent $140

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Millicent, 5280 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 14.29%.

Over the longer term, Millicent has seen property prices show investors a 1.11% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Millicent should be aiming for at least -8.88% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $200 and the average annual increase in value of a median property of 0.17%, investors should hope to achieve an overall return of 6.50%

Millicent, 5280 ranked 28th in SA when comparing growth in median property values or capital gain over the last 12 months. Millicent is one of 853 in our list for SA

Millicent,5280 was ranked 55 in Australia by increase in median property value over the quarter.

At number 93th of SA’s most discounted properties, Millicent is in the middle of the state/territory when listing in order of most discounted to least.

At number 1211 in a list of fastest selling suburbs, Millicent is in the bottom 20% of suburbs in Australia with an average of days on market 106.4 for properties listed there.

A $140 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at -6.10%.

Metrics i HOUSE UNIT
$160,000 $126,000
-1.54% 13.00%
14.29% 17.76%
0.17% -6.10%
$200 $140
86 15
6.50% 5.78%
140.15 106.4

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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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