Suburb Profile Report for Millbridge WA (6232)

Millbridge House: Median price $455,000, Annual capital growth 11.51%, Number of sales 45, Weekly median advertised rent $398

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Giving property investors a an average capital gain of 3.41% for the last year, Millbridge, 6232 is the 2201th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Millbridge has given property investors a paper return of 1.79%. This puts Suburb as 79 on a list of fastest fasting appreciating suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Millbridge itself are offering an average vendor discount of -5.74% to real estate investors.

In the last year 45 properties changed hands in Millbridge, which puts it as the 251th most active market in WA when comparing the number of sales per suburb.

Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 11.51%, investors should hope to achieve an overall return of 4.54%

HOUSE UNIT
$455,000 N/A
1.79% N/A
3.41% N/A
11.51% N/A
$398 N/A
45 N/A
4.54% N/A
101.1 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
Find a mortgage broker in Millbridge WA
Demographics
Total population 1265
Median household income ($/weekly) 2051
Median age of persons 28
Median housing loan repayment ($/monthly) 2167
Average household size 3
  • Census Count Percent(%)
    0-4 years 159 12.6
    5-14 years 201 15.9
    25-34 years 256 20.2
    35-44 years 210 16.6
    45-54 years 134 10.6
    Others 305 24.1
    Age Group
    Census Count Percent(%)
    Registered Married 481 59.0
    Not Married 204 25.0
    Defacto Relationship 130 16.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1013 82.8
    Papua New Guinea 50 4.1
    South Africa 29 2.4
    United Kingdom 66 5.4
    Other 30 2.5
    Others 35 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 772 64.6
    No Religion 395 33.1
    Islam 16 1.3
    Buddhism 6 0.5
    Other Religious Groups 6 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 32 9.1
    $1,500-$1,999 57 16.1
    $2,000-$2,499 59 16.7
    $2,500-$2,999 66 18.7
    $3,000-$3,499 36 10.2
    Others 103 29.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 464 53.1
    Employed, worked part-time 176 20.1
    Not in the labour force 160 18.3
    Employed, away from work 49 5.6
    Unemployed, looking for work 25 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 80 11.6
    Technicians & trades workers 167 24.3
    Clerical & administrative workers 128 18.6
    Sales 71 10.3
    Labourers 79 11.5
    Others 162 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 36 11.5
    Infants/Primary 136 43.5
    Secondary 77 24.6
    Technical or Further Educational Institution 25 8.0
    University or other Tertiary Institutions 26 8.3
    Others 13 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1173 98.6
    Flat, unit or apartment 17 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 266 65.7
    Rented 91 22.5
    Fully owned 48 11.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals