Millswood is a smaller suburb in South Australia within the Unley local government area (postcode 5034). With a population of 2,173, the suburb has a mature demographic with a median age of 45. Households earn a median income of $147K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millswood is $2.1 million, having surged 28% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,253.
Public transport access includes 1 rail station, 5 bus stops. The crime rate in the Unley LGA is below average at 2,485 incidents per 100,000 population.
From an investment perspective, Millswood offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +28.0% year-on-year.
Millswood is a smaller suburb in South Australia within the Unley local government area (postcode 5034). With a population of 2,173, the suburb has a mature demographic with a median age of 45. Households earn a median income of $147K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millswood is $2.1 million, having surged 28% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,253.
Public transport access includes 1 rail station, 5 bus stops. The crime rate in the Unley LGA is below average at 2,485 incidents per 100,000 population.
From an investment perspective, Millswood offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +28.0% year-on-year.