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Millswood
AREA REPORTS

Millswood

Millswood - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5034

house

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).

Data report can be found below

Millswood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,206,500 N/A
GROWTH REPORT
Median Quarterly 5.37% N/A
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
demographics (median values)*
Total Population
10042
Weekly Household Income
1692
Household Size
2.40
Age
39
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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