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%