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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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MillicentMillicent - SUBURB PROFILE REPORT
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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 3.68% growth over a ten-year period. It ranks 2867th 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 17.2% for the past year, which is higher than average compared to its 38.97% growth within a five-year period.
With the median home price in MILLICENT sitting at $230,000, and the average rent at $250, property owners could potentially earn a 5.65% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MILLICENT are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $230,000 | $187,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.55% | 0.67% |
| Median 12 month | 17.2% | N/A |
| Median 3 years | 37.72% | N/A |
| Median 5 years | 38.97% | N/A |
| 10 years average annual | 3.68% | N/A |
| Weekly media advert. rent | $250 | $155 |
| Time on Market | 91.0 days | 0.0 days |
| Gross Rental Yield Percent | 5.65% | 4.31% |
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