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%