Property investors who have had real estate in Millicent, 5280 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.80%
Millicent,5280 was ranked 120 in Australia by increase in median property value over the quarter.
Vendor discounting in Millicent is giving property investors an average Vendor Discount of around -8.99%. This puts suburb at number 39th in SA when ranking the most discounted suburbs.
With the median price for a house in Millicent being $180000 and the advertised rent reaching $215 the gross rental yield for property investors calculates out to be 6.21%