Suburb Profile Report for Milang SA (5256)

Milang House: Median price $320,000, Annual capital growth 4.51%, Number of sales 33, Weekly median advertised rent N/A

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Over the last year, property investments in Milang, 5256 have given investors a capital gain of 25.49%. This compares very favourably with the 10.08% for SA as a whole.

If we look at median property appreciation over just the last three months, Milang has given property investors a paper return of 2.40%. This puts Suburb as 267 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Milang is giving property investors an average Vendor Discount of around -5.39%. This puts suburb at number 65th in SA when ranking the most discounted suburbs.

Metrics i HOUSE UNIT
$320,000 N/A
2.40% N/A
25.49% N/A
4.51% N/A
N/A N/A
33 N/A
N/A N/A
78.3636363636364 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 882
Median household income ($/weekly) 757
Median age of persons 46
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 94 10.7
    35-44 years 94 10.7
    45-54 years 123 13.9
    55-64 years 189 21.4
    65-74 years 106 12.0
    Others 276 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 344 50.3
    Not Married 262 38.3
    Defacto Relationship 78 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 701 81.5
    Greece 6 0.7
    Papua New Guinea 13 1.5
    United Kingdom 106 12.3
    Other 12 1.4
    Others 22 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 493 62.8
    No Religion 279 35.5
    Buddhism 7 0.9
    Other Religious Groups 6 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 11.1
    $400-$599 66 19.4
    $600-$799 56 16.4
    $1,000-$1,249 28 8.2
    $1,500-$1,999 41 12.0
    Others 112 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 300 41.8
    Employed, worked full-time 226 31.5
    Employed, worked part-time 145 20.2
    Unemployed, looking for work 25 3.5
    Employed, away from work 21 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 77 19.6
    Technicians & trades workers 61 15.6
    Community & personal service workers 44 11.2
    Clerical & administrative workers 46 11.7
    Labourers 69 17.6
    Others 95 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 6.4
    Infants/Primary 63 40.1
    Secondary 50 31.8
    Technical or Further Educational Institution 16 10.2
    University or other Tertiary Institutions 12 7.6
    Others 6 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 828 97.9
    Semi-detached, row or terrace house, townhouse 13 1.5
    Caravan, cabin, houseboat 5 0.6
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 158 42.8
    Fully owned 147 39.8
    Rented 60 16.3
    Other tenure type 4 1.1
    Tenure Type
Census 2011, ABS
Chart Table