Fast 50 Report 2026 Banner

Millswood

POSTAL CODE: SA, 5034
HOUSE

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 9.26% growth over a ten-year period. It ranks 363rd on our list of suburbs that property investors should look into.

MILLSWOOD, 5034 has a capital gain of -1.81% for the past year, which is lower than average compared to its 63.02% growth within a five-year period.

With the median home price in MILLSWOOD sitting at $1,900,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

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.

Surburb overview

Millswood is an inner-southern suburb situated approximately 5 kilometres from Adelaide’s central business district (CBD). It is part of the City of Unley and is renowned for its leafy streets, character homes, and tranquil, family-friendly atmosphere, making it one of Adelaide’s most desirable residential areas.

Millswood has a population of around 2,200 people, with a demographic that includes families, professionals, and retirees. The suburb is characterised by its well-preserved heritage homes, including bungalows, Victorian, and Federation-style residences, contributing to the suburb’s distinct charm. Its quiet streets and abundance of green spaces create a peaceful environment while still being conveniently close to the city.

Public transportation in Millswood is excellent, with the Millswood railway station on the Belair line offering direct train services to Adelaide’s CBD. Several bus routes also service the area, providing easy access to surrounding suburbs and the city. The suburb’s proximity to major roads such as Goodwood Road and Cross Road also ensures convenient commuting by car.

Millswood offers a range of local amenities, with shopping and dining options available in nearby suburbs such as Goodwood and Hyde Park. Goodwood Road is a popular retail and dining strip, offering a variety of cafés, restaurants, boutiques, and essential services. Residents also have easy access to the Unley Shopping Centre and the larger Castle Plaza Shopping Centre, both just a short drive away.

Recreational opportunities in Millswood are abundant, with numerous parks and green spaces providing areas for outdoor activities. The Millswood Oval is a central feature of the suburb, offering space for sports and family gatherings. The nearby Goodwood Oval and Heywood Park also provide additional facilities for walking, picnicking, and sports. Millswood is also home to the Goodwood Community Centre, which offers a range of programs and activities for all ages.

Education facilities are close by, with several reputable schools in neighbouring suburbs, including Goodwood Primary School, Unley High School, and St Thomas School. The suburb’s proximity to these schools, combined with its safe and peaceful environment, makes it particularly attractive for families.

Millswood’s appeal lies in its balance of suburban tranquillity and urban convenience. Its tree-lined streets, heritage homes, and excellent transport links make it an ideal location for those seeking a comfortable, family-oriented lifestyle near Adelaide’s city centre. The suburb’s proximity to parks, schools, and shopping precincts further enhances its reputation as a highly sought-after residential area.

You’re out of free articles for this month
Loading form...