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Millicent

POSTAL CODE: SA, 5280
HOUSE

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 9.43% growth over a ten-year period. It ranks 256th on our list of suburbs that property investors should look into.

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

MILLICENT, 5280 has a capital gain of 9.86% for the past year, which is lower than average compared to its 99.47% growth within a five-year period.

With the median home price in MILLICENT sitting at $379,000, and the average rent at $330, property owners could potentially earn a 4.53% 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.

Surburb overview

Millicent is a rural town situated approximately 400 kilometres southeast of Adelaide and around 50 kilometres north of Mount Gambier. It is part of the Wattle Range Council and is known for its strong agricultural base, timber industry, and scenic surroundings, making it a key service town in the Limestone Coast region.

With a population of around 5,000 people, Millicent is a tight-knit community, home to families, retirees, and professionals involved in farming, forestry, and other local industries. The town’s economy has traditionally been driven by agriculture, including dairy and livestock farming, as well as the timber and paper industries, with a large paper mill being a central part of Millicent’s history.

Public transportation in Millicent is limited, and most residents rely on private vehicles for commuting and travel. The town is well-connected by road, with the Princes Highway providing easy access to nearby towns and cities, including Mount Gambier, which serves as a regional hub for larger services and shopping.

Millicent offers a wide range of essential amenities, including supermarkets, medical facilities, a post office, and various shops. The town also has a number of schools, including Millicent High School and Millicent North Primary School, catering to local families. Additional educational and vocational training options are available in nearby Mount Gambier.

Recreational opportunities are abundant in Millicent, with the town surrounded by natural beauty. The Canunda National Park, located nearby, offers residents and visitors the chance to explore coastal dunes, bushwalking trails, and scenic lookouts. Millicent also has a popular swimming lake, the Millicent Swimming Lake, which provides a safe, family-friendly environment for outdoor activities during the warmer months.

For those interested in local history, the Millicent National Trust Museum offers insights into the town’s past, including exhibits on its agricultural and forestry heritage. Millicent also hosts several community events throughout the year, such as the annual Agricultural Show, which showcases the region’s farming and produce.

Sport is a significant part of the local culture, with various clubs offering opportunities for football, netball, cricket, and other sports. The town has several sporting facilities, including football ovals, tennis courts, and golf courses, contributing to an active and engaged community.

Millicent’s charm lies in its peaceful, rural lifestyle, strong community spirit, and access to both natural beauty and modern conveniences. Its role as a service town for the surrounding agricultural region, combined with its proximity to the Limestone Coast’s natural attractions, makes it an appealing location for residents seeking a balance of work, leisure, and community.

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