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Millicent
AREA REPORTS

Millicent

Millicent - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5280

house
unit

Based on its average 5-year and quarterly capital gains MILLICENT, 5280 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MILLICENT, 5280 obtained a 2.05% growth over a ten-year period. It ranks 3373rd on our list of suburbs that property investors should look into.

MILLICENT, 5280 in SA belongs to the local government area of Wattle Range (DC).

MILLICENT, 5280 has a capital gain of 19.44% for the past year, which is higher than average compared to its 34.38% growth within a five-year period.

With the median home price in MILLICENT sitting at $215,000, and the average rent at $215, property owners could potentially earn a 5.2% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MILLICENT are high, as opposed to average gains per annum over the past five years.

A 19.44% increase in median property prices in MILLICENT, 5280 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 82nd.

Data report can be found below

Millicent
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $215,000 $178,750
GROWTH REPORT
Median Quarterly 10.26% 0%
Median 12 month 19.44% N/A
Median 3 years 28.74% N/A
Median 5 years 34.38% N/A
10 years average annual 2.05% N/A
Weekly media advert. rent $215 $175
Time on Market 123.5 days 0.0 days
Gross Rental Yield Percent 5.2% 5.09%
demographics (median values)*
Total Population
7370
Weekly Household Income
981
Household Size
2.30
Age
47
Monthly Loan Repayment
1000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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