Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
Property investors enjoyed capital gains of 34.06% over the last 12 months in MILLSWOOD, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 5.26% growth over a ten-year period. It ranks 1638th on our list of suburbs that property investors should look into.
MILLSWOOD, 5034 has a capital gain of 34.06% for the past year, which is higher than average compared to its 28.66% growth within a five-year period.
With the median home price in MILLSWOOD sitting at $1,206,500, and the average rent at $670, property owners could potentially earn a 2.89% increase in gross rental yield.
A 34.06% increase in median property prices in MILLSWOOD, 5034 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 4th.
Figures from the previous quarter show that capital gains for real estate buyers in MILLSWOOD are low, as opposed to average gains per annum over the past five years.
MILLSWOOD, 5034 in SA belongs to the local government area of Unley (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.06%||N/A|
|Median 3 years||20.65%||N/A|
|Median 5 years||28.66%||N/A|
|10 years average annual||5.26%||N/A|
|Weekly media advert. rent||$670||N/A|
|Time on Market||63.8 days||N/A|
|Gross Rental Yield Percent||2.89%||N/A|