Question 1

Is Millicent a nice place to live?

Accepted Answer

Millicent is a regional service town in the Limestone Coast set among farming and plantation country. Tree-lined streets and generous blocks, with a mix of older weatherboard cottages and brick homes, give it a relaxed, family-oriented feel. Local life centres on a compact main street of shops and cafés, a showground and sporting clubs, while nearby coastal beaches and Canunda National Park provide fishing, beach walks and bushland exploration. Regional roads link Millicent to Mount Gambier and other coastal centres.

About 5,110 people live in Millicent; the median age is 49 and a typical household income is $980 a week. Families are common, with 48.9% of families as couples without children and 32.5% as couples with children, and roughly three in four households are owner-occupied while renters make up 25.6%. Council-led town centre and community projects, highway and hospital works, and rezoning and master-planning for the railway precinct are shaping local facilities. Whether that mix of regional services, coastal access and steady community life suits you comes down to what you want in a town.

Question 2

Is it expensive to live in Millicent?

Accepted Answer

Buying a house in Millicent sits well above what local households earned at the last Census. With a median house price of $465,000 and a typical household income of $980 a week at the last Census, that price is about 9.1 times a typical local annual household income at the last Census. Renting a house at $395 a week would take roughly 40.2% of a typical local household's weekly income at the last Census, which is a large share. If you are deciding between renting and buying, those two measures show how each option compares with local incomes recorded at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Millicent a good place to invest?

Accepted Answer

House values in Millicent rose 17.9% over the past 12 months, a strong gain in capital value. Over the same year, house rents increased 31.7%, a strong rise that outpaced price growth, so the rent a house earns has been the stronger performer this year compared with its price.

Which of those outcomes matters more depends on whether you prioritise rental income or capital growth; how this fits your plans and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$465K	N/A
Change in value Past 12 months	17.9%	N/A
Sold Past 3 months	24	1
Median days on market Past 12 months	69	N/A
Average rent Past 12 months	$395	N/A
Change in rent Past 12 months	31.7%	N/A

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