Millswood at a glance
Median house
$1,940,000
-7.6% year on year
Median unit
$333,360
Walk score
100
Walker's paradise
Population
2,173
Median age 45
The brief
What to know about Millswood.
The postcode for Millswood is 5034 (SA), part of Greater Adelaide.
The median house price in Millswood is $1,940,000.
Millswood (5034) sits in the Unley region of South Australia. The median house here is $1,940,000, well above the South Australia median of around $720K. Prices have moved -7.6% over the past year, well behind the South Australia average (5%).
Millswood has roughly 2,173 residents, with an established, older skew. Households are predominantly owner-occupied. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
Compare Millswood with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Millswood scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 28°C (warm), winter mornings around 7°C (cool). Annual rainfall lands at about 448mm. Data comes from the Bureau of Meteorology's Adelaide (Kent Town) station, 11.1km away.
Schooling within or near the suburb covers 8 government primary, 1 government secondary, 4 Catholic, 7 independent.
Who lives here
Demographics.
The 2021 Census put Millswood's population at 2,173, with a median age of 45. That sits as an established, older skew. Households are predominantly owner-occupied (85% own, 14% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (78% family households, 21% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
2,173
Median age
45
Family households
78%
Lone person
21%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $1,940,000 on a typical sale, well above the South Australia median. Units come in around $333,360, roughly 83% below the house median. The 12-month picture shows a softening market (-7.6%), giving buyers more room to negotiate.
For buyers
A 20% deposit on the median house works out to roughly $388,000. Prices sit well above the South Australia median, so plan for a stretched deposit and shop carefully on borrowing capacity.
For sellers
With 12-month growth at -7.6%, pricing should anchor to the most recent six months of comparables, not last year's peak.
Market
The price of a home here.
Median house price
$1,940,000
-7.6% over the past year. Median unit price $333,360.
Sales data as of July 2026· sales-sa
Rental and ownership
Weekly rent (house)
$266/wk
Weekly rent (unit)
$480/wk
Owner occupied
85%
Renter occupied
14%
At a deeper level
$1,940,000
-7.6% annual growth
$333,360
2,173
Median age: 45
Rental data as of March 2026· rental-sa
Free appraisal
What’s your home worth in Millswood?
A local agent who actually sells in Millswood will give you an honest number, backed by recent comparable sales. Free, no commitment to list.
Free guide · 2026 edition
Thinking of selling in Millswood?
The complete guide to selling: what it costs, how agents price your home, and a 12-week plan to settlement. Personalised to Millswood, free, in 60 seconds.
Free guide · 2026 edition
Thinking of buying in Millswood?
What you can actually spend, the 2026 first home buyer schemes for your state, and how not to overpay. A free buying guide, in about 60 seconds.
Get property alerts for Millswood
Be the first to know when new listings hit the market.
For investors
Investment overview.
Gross rental yield on houses sits at 0.71% (median rent $266/wk against a $1,940,000 price tag). Units yield 7.49% gross, often the better cash-flow play for first-time investors. Renter share is modest (14%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: data.sa.gov.au · July 20260.71%
Based on $1,940,000 median
Gross Yield (Unit)
Source: data.sa.gov.au · July 20267.49%
Based on $333,360 median
Annual Growth (House)
Source: data.sa.gov.au · July 2026-7.6%
Year-on-year capital growth
Annual Growth (Unit)
Source: data.sa.gov.au · July 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202685%
Higher = more owner-occupier demand
Days on Market
Source: data.sa.gov.au · July 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
5-year trajectory
at -7.6%/yr
2021
$2.9M
5-year change
-33%
2026
$1.9M
Trajectory derived from the current median compounded at the suburb’s annual growth rate, not raw sale-by-sale history.
Safety
Crime and safety.
49
total offences in 2025-26
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of June 2026· State Police Open Data
Getting around
Walkability.
100
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Millswood.
Local schools for Millswood
View the catchment for each school to find out more.
Government School Catchment
Goodwood Primary School
Westbourne Park Primary School
Black Forest Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
448 mm
Hottest Month (avg max)
28.0°C
Coldest Month (avg min)
7.0°C
Monthly Rainfall (mm)
Weather data from BOM station Adelaide (Kent Town) (11 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Millswood.
- What is the median house price in Millswood?
- The median house price in Millswood, SA 5034 is $1,940,000. The median unit price is $333,360. Annual growth is -7.6%.
- What is the Millswood postcode?
- Millswood is in the 5034 postcode, in SA, in the City of Unley region.
- Where is Millswood?
- Millswood is a suburb of Adelaide, in SA 5034. It is part of the Greater Adelaide area, in the City of Unley region.
- What is the average rent in Millswood?
- The median weekly rent for houses is $266, for units it's $480.
- What schools are in Millswood?
- There are 20 schools serving Millswood on this page, including St Thomas' School, Goodwood Primary School, Cabra Dominican College.
- How walkable is Millswood?
- Millswood has a Walk Score of 100 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Millswood?
- Millswood is close to Goodwood, Clarence Park, Hyde Park, Kings Park, Forestville.
- What is the population of Millswood?
- The population of Millswood is approximately 2,173 (2021 Census). The median age is 45.
For Sale
Millswood
Buying
Selling
Surrounding Suburbs
Side by side
Compare Millswood vs a nearby suburb
See median prices, growth, schools, walkability and risk side by side in one view.
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
Every figure on this page carries its source and as-of date in a tooltip. If a figure looks off to you, tell us and we’ll fix it within a week.
No login
No paywall, no sign-up, no download form. The suburb data is the product. We earn from partner brokers and agents on the rare occasion you ask for one.
Thinking about selling in Millswood?
The complete selling guide, personalised to Millswood: what it really costs, how agents price homes here, and a 12-week plan to settlement. Free PDF, 60 seconds.
Get the free selling guide