Suburb Profile Report for Millicent SA (5280)

Millicent House: Median price $157,500, Annual capital growth 0.04%, Number of sales 87, Weekly median advertised rent $200

Millicent Unit: Median price $124,500, Annual capital growth 14.22%, Number of sales 18, Weekly median advertised rent $145

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Millicent has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.62%

The five-year average increase in median property values for Millicent,5280 has given property investors a potential capital gain of -9.09% across each of those five years.

Property buyers and investors in Millicent 5280 should be seeing an average reduction in asking price of around -8.41% . This means that Millicent is holding prices well when compared to other suburbs in SA.

In the last year 87 properties changed hands in Millicent, which puts it as the 71th most active market in SA when comparing the number of sales per suburb.

Advertised rents are around the $200 mark per week – giving a return of 6.60% based on the median price in Suburb

Giving property investors a a poor capital gain of -7.09% for the last year, Millicent, 5280 is the 1488th highest performer in Australia in this respect.

Vendor discounting in Millicent is giving property investors an average Vendor Discount of around -5.30%. This puts suburb at number 109th in SA when ranking the most discounted suburbs.

With the median price for a house in Millicent being $124500 and the advertised rent reaching $145 the gross rental yield for property investors calculates out to be 6.06%

Metrics i HOUSE UNIT
$157,500 $124,500
1.61% 11.66%
8.62% -7.09%
0.04% 14.22%
$200 $145
87 18
6.60% 6.06%
138.45 104.27

Source: CoreLogic

DSR Score for property investment : Above average (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
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Recent sales & rentals