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Millicent, SA 5280

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Millicent, SA 5280 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Millicent, SA 5280”

  1. The total adult population (15 years or older) of Millicent 5280 SA is 4,355, with a median age of 49. Of those, 44.04% are married, 14.26% are divorced or separated, 33.07% are single and 8.84% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,648. The median monthly mortgage repayment for households in this suburb is $902 which is 15.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the boundaries of SA, the suburb of Millicent (postcode 5280) is home to an estimated 3371 households. As we head towards the final trimester of the year, in Q3 2023, the median price for a house in this inviting suburb is poised at $425,662. The typical weekly rent falls around $288, painting an indicative yield of a clean 3.52%.

    The socio-economic fabric of Millicent emerges strong with an IRSAD score of 867 out of a possible 1217. This good standing hints at a community characterised by fair access to economic resources, likely higher income levels, and a potential prevalence of skilled professions.

    Digging into the renter vs homeowner dynamics, the area sees a healthy balance with a renter to owner ratio standing at 25%; beneficial for investors looking for less competition in the rental market. The neighbourhood exudes a more traditional suburban charm with units making up only a mere 5% in comparison to houses.

    In terms of affordability, the index calculates at 30 years. This metric suggests how long it would ostensibly take for residents to fully own their house, factoring elements such as the current interest rates, median family income, and the property’s sticker price.

    From a supply vantage, Millicent shines favourable for investment with a lean stock on market Percentage of 0.29% for houses. Another supply metric, the inventory level, which measures the absorbency of the property market to new house listings, threads at an appealingly low 1.17 months. However, the building approvals ratio for houses shows a moderate level at 0.42%, carrying a slight possibility of increased supply.

    In examining the demand metrics, houses in Millicent tend to remain on the market for about 40 days before changing hands – indicative of moderately high demand. Vacancy rates, combining both houses and units, tiptoe low at 0.83%, pointing again to higher demand. The buy search index for houses, an index that compares property search volume to the state or city average, registers somewhat limited demand with a value of 3.

    Analyzing all these numbers and their evolutionary trends, it’s crucial for potential investors to note that while some metrics might vary in the desirable ranges, market robustness is typically reflected when the majority of metrics point favourably. The RCS (Relative Composite Score) metric, developed by HtAG Analytics, simplifies this evaluation process by combining over 80 metrics into one consolidated measure.

    For Millicent, the property market trends beckon due diligence from investors. Keeping your fingers on this pulse can equip you with valuable insights to make an informed and profitable real estate investment in the heart of SA.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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