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%.