Millicent is a mid-sized suburb in South Australia within the Wattle Range local government area (postcode 5280). With a population of 5,110, the suburb has a mature demographic with a median age of 49. Households earn a median income of $51K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $286,000 (+30% YoY). The current median weekly rent is $335. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $902.
Millicent is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 950, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Wattle Range LGA is below average at 3,327 incidents per 100,000 population.
From an investment perspective, Millicent offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($286K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +30.0% year-on-year.
Millicent is a mid-sized suburb in South Australia within the Wattle Range local government area (postcode 5280). With a population of 5,110, the suburb has a mature demographic with a median age of 49. Households earn a median income of $51K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $286,000 (+30% YoY). The current median weekly rent is $335. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $902.
Millicent is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 950, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Wattle Range LGA is below average at 3,327 incidents per 100,000 population.
From an investment perspective, Millicent offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($286K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +30.0% year-on-year.