Suburb Profile Report for Millicent SA (5280)

Millicent House: Median price $162,500, Annual capital growth 0.54%, Number of sales 85, Weekly median advertised rent $200

Millicent Unit: Median price $111,500, Annual capital growth 18.67%, Number of sales 22, Weekly median advertised rent $145

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

Source: CoreLogic

  • House Report
  • Unit Report

Millicent has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 16.07% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Millicent has fallen somewhat when compared to the 5 year average annual rate.

At number 47th of SA’s most discounted properties, Millicent is in the bottom 20% of the state/territory when listing in order of most discounted to least.

A $200 per week rent on the median house gives suburb investors a gross yield of circa 6.40%, without taking into account capital value appreciation, which has been averaging out at 0.54%.

Investment property in Millicent has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -43.40%

Vendor discounting in Millicent is giving property investors an average Vendor Discount of around -5.03%. This puts suburb at number 124th in SA when ranking the most discounted suburbs.

A $145 per week rent on the median house gives suburb investors a gross yield of circa 6.76%, without taking into account capital value appreciation, which has been averaging out at 18.67%.

Metrics i HOUSE UNIT
$162,500 $111,500
11.30% -9.35%
16.07% -43.40%
0.54% 18.67%
$200 $145
85 22
6.40% 6.76%
138.34 108.46

Source: CoreLogic

DSR Score for property investment : Balanced (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