Investment property in Millicent has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.44%
Over the longer term, Millicent has seen property prices show investors a 11.94% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Millicent, 5280. Typically our figures indicate that -8.66% is being offered, which puts this SA suburb at 541th most discounted overall in Australia.
A $205 per week rent on the median house gives suburb investors a gross yield of circa 6.14%, without taking into account capital value appreciation, which has been averaging out at -0.19%.