All About Millswood, Unley, SA, 5034

Millswood, located in the city of Unley, South Australia, presents an appealing blend of suburban tranquility and urban convenience, making it a popular choice for both families and professionals. The housing market in Millswood features a charming mix of architectural styles, from beautifully preserved early 20th-century bungalows to more contemporary designs, ensuring a wide variety of options for potential homeowners. As of recent reports, the area has seen steadiness in property values, underscoring its desirability and the relative stability of the market. This stability is particularly attractive for buyers seeking long-term investments. The neighborhood’s leafy streets and well-regarded schools further enhance its allure, contributing to a strong sense of community and making Millswood a sought-after destination in the Adelaide metropolitan area.

Living in Millswood offers residents the perfect balance of serenity and accessibility. The suburb is dotted with picturesque parks and green spaces, providing ample opportunities for outdoor activities and leisure. Proximity to the bustling heart of Adelaide means that cultural events, shopping, and dining are just a short drive away, yet Millswood itself maintains a peaceful, almost village-like atmosphere. Public transport options further enhance its connectivity, making commuting simple and convenient. This harmonious blend of lifestyle benefits, coupled with the suburb’s aesthetic appeal and robust housing market, paints Millswood as not just a place to live, but a community where residents thrive and enjoy a high quality of life.

Millswood Real Estate Market Outlook

Thinking about buying in Millswood? Now could not be a better time, with 917 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,840,000 with prices in this suburb ranging from $349,000 to $15,861,000. Millswood is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Millswood driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Millswood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Millswood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Millswood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!