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16 Ridge Terrace,
Millicent SA 5280

This property is Off Market

All about Millicent Homes for sale in Millicent


  • The Average property price in this area is $325,272, this is based on recent transactions.
  • Internet speed Download 100 Mbps / Upload 40 Mbps
  • Distance to the coast 13.26 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Potential Land Contamination risk
  • Powerlines within 200m 0
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About Millicent

With an average age of 52, households expect an average monthly mortgage payment of $836 or a weekly rent payment of $200. The average family earns a weekly income of $1,468 with a typical household size of 2.1 and a 96.91% employment rate.

In Millicent there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Millicent is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Millicent leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Millicent necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Millicent we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Millicent a better buying opportunity than it may have been in the past.

General Points of Interest


Population

(Country of Birth not stated 6%)

Are people healthy?

There are a recorded 730 asthma sufferers and 430 people living with diabetes. In addition, 379 people have a heart/vascular condition and 712 people live with three or more chronic diseases.

A good place to invest in property?

Millicent a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

South Australia State average 45 / 100

Income

25 / 100

44 / 100

Industry

12 / 100

34 / 100

Population

27 / 100

37 / 100

House Prices

36 / 100

62 / 100

Jobs

09 / 100

33 / 100


Local Crime Rates

Incidents Trend State Average


Local Schools

  • Rendelsham Primary School

    Rendelsham, SA, 5280 State R-7

  • Millicent North Primary School

    Millicent, SA, 5280 State R-7

  • Mount Burr Primary School

    Mount Burr, SA, 5279 State R-7

  • Newbery Park Primary School

    Millicent, SA, 5280 State R-7

  • St Anthony's Catholic Primary School

    Millicent, SA, 5280 Independent R-7

  • Millicent High School

    Millicent, SA, 5280 State 8-12

  • Glencoe Central Primary School

    Glencoe, SA, 5291 State R-7


Property Story

16 Ridge Terrace, Millicent, Sa, 5280 is a residential property . The estimated distance to the sea is 13.26km and 0.94KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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  • 134 Acme Avenue Street, Town, State

    Description - Details the application. Type and other information pertaining to the development application and more...

    Authority Reference: UX0909823-GOV Website

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The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.


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