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SA › Mawson Lakes › Macmillan Ave

U1, 20 Macmillan Ave, Mawson Lakes SA 5095

For saleUnit

$695,000–$745,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

148 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $695,000–$745,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $695,000–$745,000(Listing record · 28 May 2026)
  • CalculationAsk is 23% below the Mawson Lakes median recorded sale ($900,000, n=51, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mawson Lakes's advertised median rent ($556/wk), implied gross yield would be 4.16% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$695,000–$745,000

Asking range · $4,696/m² of land

No recorded sale for this property.

Mawson Lakes at a glance

14,909

People

$900,000

Median sale

$556/wk

Median rent

3.21%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Mawson Lakes report →

Vs Mawson Lakes

-22.8%

Median sale

Suburb $900,000

+0.95 pp

Gross yield

Suburb 3.21%

Suburb median $900,000 from 51 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$695,000
Stamp Duty (South Australia)
$32,055
Transfer/Registration Fee
$7,178
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$737,933

$42,933 on top of the price (6.2% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Mawson Lakes's advertised median rent — not a rent for this listing.

Net yield
2.66%
Annual cashflow (pre-tax)
$-17,653
Interest cover (DSCR)
0.51
Annual rent
$28,912
Operating expenses
$10,425
Loan amount
$556,000
Annual interest
$36,140
Gross yield
4.16%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$695,000–$745,000available28 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $556/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mawson Lakes in one glance

Mawson Lakes at a glance

14,909

People

$900,000

Median sale

$556/wk

Median rent

3.21%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Mawson Lakes report →

Keep researching

  • Why Mawson Lakes? Read the area thesis →
  • What else is on the market in Mawson Lakes →
  • Other records on Macmillan Ave →

Listing material

Listed by Ray White Para Hills

Where Comfort & Affordability Meet Location & Lifestyle!

Delightfully nestled in a peaceful, low traffic, family friendly area, just around the corner from Elder Drive Reserve and Lake Adam, this vibrant 2 story townhouse offers an affordable opportunity for younger buyers or a wise investment solution for shrewd entrepreneurs.

Embrace the lifestyle of the Lakes area and enjoy the benefits of verdant reserves, contemporary shopping amenities, excellent public transport and local café's, all nestled within easy reach of this fabulous new release.

The home features 2 separate living areas and 3 spacious bedrooms across a thoughtful modern design. Crisp floating floors, fresh neutral tones and ambient natural light flow effortlessly across a generous ground floor design where living, dining and kitchen areas seamlessly integrate in a clever open plan layout.

Read the full description

A clever central kitchen provides functional social hub for both the living and dining areas, featuring subway tiled splashbacks, crisp modern cabinetry, stainless steel appliances, island breakfast bar, double sink and plenty of pantry space.

Relax in the living room with split system air-conditioning or step outdoors from the dining room and enjoy your own outdoor courtyard space and a double carport with auto roller door.

Upstairs boasts 3 generous bedrooms, all well-proportioned and all with built-in robes and split system air conditioners. The master bedroom features a bright ensuite bathroom and sliding door access to a private balcony. Bedrooms 2 and 3 are both serviced by a full main bathroom with separate bath and shower.

All nestled in a great location, with easy access to local reserves shopping and transport, this one is an affordable lifestyle option or a wonderful investment solution.

Briefly:

* Vibrant 2 story townhouse in desirable family friendly locale

* Located within easy reach of local parks, lakes & recreational reserves

* Separate living and dining areas with a central kitchen across an open plan ground floor

* Crisp floating floors, fresh neutral tones and ambient natural light

* Spacious lounge with split system air conditioner

* Dining room with sliding doors to rear courtyard

* Central kitchen features subway tiled splashbacks, crisp modern cabinetry, stainless steel appliances, island breakfast bar, double sink and plenty of pantry space

* Spacious rear courtyard with room to enjoy the outdoors

* Double carport with auto roller door via rear access

* 3 spacious bedrooms to the upper level, all with built-in robes and split system air conditioners

* Bedroom 1 with ensuite bathroom and private balcony

* Bedrooms 2 and 3 of good proportion

* Full main bathroom with separate bath and shower

* Great opportunity, fabulous location, affordable lifestyle

Delightfully located amidst the verdant parks and reserves of Mawson Lakes. Feed the ducks at Elder Drive Reserve and let the kids run free at Dutton Avenue Reserve & Hindmarsh Avenue Reserve, all in the local area for your leisure, exercise, and recreation.

The Mawson Lakes shopping precinct is only a few minutes away with its modern facilities and evolving cafe and dining sector. Public transport is a short walk to Salisbury Highway.

The zoned primary school is Mawson Lakes School, while the zoned high school for this area is Parafield Gardens High School. The University of South Australia, Mawson Lakes Campus is within easy reach as are quality private schools including Endeavour College, Holy Family Catholic School, and St Gabriel's School.

// Land Size: 148m2

// Build Size: 150m2

// Year Built: 2011

// Easements: Nil

// Zone: HDN

// Council Rates: $1,880.25 pa

// Water Rates: $181.13 pq

// Community Fees: $323.08 pq

Please note that this property is currently tenanted. See tenancy details below:

Lease Type: Fixed

Lease End Date: 03/02/2027

Current Rent: $655 pw

For more information, contact Brijesh Mishra on 0430 140 905 or Prabh Singh on 0452 090 903.

DISCLAIMER: We have in preparing this document using our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

RLA 326547

Listing description written by Brijesh Mishra, Ray White Para Hills — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Toilets: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.