Suburb Profile Report for Millars Well WA (6714)

Millars Well House: Median price $250,031, Annual capital growth -6.37%, Number of sales 57, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

Millars Well has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 0.62% to date .

Our latest figures would indicate that property sellers in Millars Well are currently offering property investors an average price cut of -13.13% below the asking price at the moment.

In the last year 57 properties changed hands in Millars Well, which puts it as the 212th most active market in WA when comparing the number of sales per suburb.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$250,031 N/A
0.01% N/A
0.62% N/A
-6.37% N/A
$380 N/A
57 N/A
7.90% N/A
96.05 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2196
Median household income ($/weekly) 2953
Median age of persons 30
Median housing loan repayment ($/monthly) 3000
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 198 9.0
    5-14 years 314 14.3
    25-34 years 474 21.6
    35-44 years 422 19.2
    45-54 years 327 14.9
    Others 462 21.0
    Age Group
    Census Count Percent(%)
    Registered Married 561 48.3
    Not Married 368 31.7
    Defacto Relationship 232 20.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1246 74.9
    Indonesia 37 2.2
    Papua New Guinea 80 4.8
    South Africa 51 3.1
    United Kingdom 110 6.6
    Others 140 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.4
    Christianity 1018 63.1
    Hinduism 43 2.7
    Islam 6 0.4
    No Religion 515 31.9
    Others 9 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 45 9.0
    $2,500-$2,999 125 25.0
    $3,000-$3,499 76 15.2
    $3,500 -$3,999 46 9.2
    $4,000 or more 113 22.6
    Others 95 19.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 841 65.0
    Not in the labour force 185 14.3
    Employed, worked part-time 171 13.2
    Employed, away from work 79 6.1
    Unemployed, looking for work 17 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 125 11.4
    Professionals 179 16.4
    Technicians & trades workers 288 26.4
    Clerical & administrative workers 177 16.2
    Labourers 94 8.6
    Others 229 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 35 9.5
    Infants/Primary 181 49.1
    Secondary 78 21.1
    Technical or Further Educational Institution 37 10.0
    University or other Tertiary Institutions 29 7.9
    Others 9 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1267 79.7
    Semi-detached, row or terrace house, townhouse 241 15.2
    Flat, unit or apartment 82 5.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 447 80.1
    Being purchased 82 14.7
    Fully owned 25 4.5
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals