Positive Cash Flow Property Millicent, SA, 5280

Millicent is a town in South Australia approximately 5 hours drive South Easy from Adelaide. It contains a variety of positive cash flow properties.

I have included an example property below which is a block of 4 units on a single title. With a rental yield of 7.38% this property has the possibility to generate a nice passive income for an investor interested in purchasing this property.

Example Property

[table class=”table-striped” colalign=”left|center|center” width=”95%”]

Asking Price,$370000

Rental Income,$530/Week

Rental Yield,7.38%

Listing Date,May 2013

[/table]

View this property and more by joining On Property Plus

Millicent Positive Cash Flow Property

Millicent Key Statistics

Town Population Statistics

[table class=”table-striped” colalign=”left|center|center|center” width=”95%”] ,2001,2006,2011

Urban Centre Population,4430,4771,4798

Postcode Area Population,7364,7567,7459

[/table]

Property Information

[table class=”table-striped” colalign=”left|center|center” width=”95%”]

,Millicent,SA,

Median House Price,$156000 (Q1 2014)

Median Rental Income,$130/week (2011)

Average Days On Market,~475 (Dec 13),162 (Dec 13)

Average Rental Yield,,4.8% (Dec 13)

Vacancy Rate,

Average Vendor Discounting,-10.25%

[/table]

Dwelling Breakdown 2011

[table class=”table-striped” colalign=”left|center|center” width=”95%”] Bedrooms,Number Of Dwellings,Percentage Of Total Dwellings
1 Bedroom,57,1.9%

2 Bedroom,403,13.6%

3 Bedroom,811,61.1%

4 Bedroom,635,21.4%

[/table]

GOING TO ADD THESE LATER

Dwelling Breakdown (House, Unit, Townhouse etc)

Median Income

Owned vs Rented (or Rental Population)

Employment (Jobs)

Employment (Sector)

http://www.yourinvestmentpropertymag.com.au/top-suburbs/sa-5280-millicent.aspx

http://www.realestateinvestar.com.au/Property/millicent#rentalStats-tab

http://www.reisa.com.au/publicinfo/median-house-prices

Occupation Millicent % South Australia % Australia %
Employed people aged 15 years and over
Labourers 346 18.1 82,328 11.1 947,608 9.4
Technicians and Trades Workers 328 17.2 104,586 14.1 1,425,146 14.2
Machinery Operators And Drivers 234 12.3 47,070 6.4 659,551 6.6
Clerical and Administrative Workers 211 11.1 106,215 14.4 1,483,558 14.7
Community and Personal Service Workers 203 10.6 77,702 10.5 971,897 9.7
Professionals 189 9.9 145,127 19.6 2,145,442 21.3
Managers 184 9.6 93,293 12.6 1,293,970 12.9
Sales Workers 177 9.3 70,882 9.6 942,140 9.4

Industry of employment, top responses Millicent % South Australia % Australia %
Employed people aged 15 years and over
Converted Paper Product Manufacturing 204 10.7 1,684 0.2 14,237 0.1
School Education 107 5.6 33,978 4.6 467,373 4.6
Supermarket and Grocery Stores 91 4.8 20,834 2.8 235,773 2.3
Sheep, Beef Cattle and Grain Farming 59 3.1 14,136 1.9 120,143 1.2
Cafes, Restaurants and Takeaway Food Services 59 3.1 29,072 3.9 412,804 4.1

Millicent Location Map

[mappress mapid=”1″]

View positive cash flow properties in Millicent by joining On Property Plus

 

 

"This property investment strategy is so simple it actually works"

Want to achieve baseline financial freedom and security through investing in property? Want a low risk, straightforward way to do it? Join more than 20,000 investors who have transformed the way they invest in property."