Millicent is an average performer in SA when comparing median price capital growth over the last year. Millicent gave property investors a average capital gain figure when compared to the rest of the state, with 4.32%.
A -16.18% growth in median value for property investors in Millicent,5280 puts this suburb at number 234th in terms of best performing suburbs in SA
Millicent, 5280 is offering SA ‘s 21th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
Renters in Suburb are facing rents around $2310 per annum or $192.5 every week.
Giving property investors a an average capital gain of 1.61% for the last year, Millicent, 5280 is the 994th highest performer in Australia in this respect.
Over the longer term, Millicent has seen property prices show investors a 93.85% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Millicent 5280 should be seeing an average reduction in asking price of around -2.79% . This means that Millicent is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $140 and the average annual increase in value of a median property of 13.57%, investors should hope to achieve an overall return of 5.78%