Mil Lel SA Property Investment

Wattle Range · 5291

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Median House Price

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Rental Yield

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Vacancy Rate

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Median Weekly Rent

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Median Unit Price

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Population (Census 2021)

N/A

Mil Lel Short-Term Rental Market

Short-stay estimate: run a brief

New dwellings approved

New dwellings approved, Wattle Range council area, 12 months to Aug 2026: 36. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Mil Lel.

Suburb Metric Thresholds

2 green3 yellow2 red

Population growth 2016–21, postcode 5291 (ABS Census)

2.05 high impact

Median Household Income

1861 medium impact

Public Transport Score

0 medium impact

School Zone Quality

6.3 medium impact

Distance to CBD

371.39 medium impact

SEIFA Advantage/Disadvantage

6 medium impact

Owner Occupier Rate

85.9 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-08

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 5291

Most disadvantagedLeast disadvantaged

Decile 7 of 10 — Average

Population (suburb)

N/A

Education (IEO)

4/10

Econ. Resources (IER)

9/10

Crime & Safety

Source: South Australia Police · 12 months to Jun 2026

Safety score

9.2/10

Offences per 1,000

10.5

Recorded offences

Mil Lel: score 1–10, relative to other SA suburbs (10 = lowest recorded offence rate per resident). Recorded offences, 12 months to Jun 2026 (suburb-level).

Source: South Australia Police, recorded offences, 12 months to Jun 2026. Population: ABS Census 2021 (SAL). Licensed under CC BY 3.0 AU. Dataset

Nearby Suburbs

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Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.