Suburb Profile Report for Millbridge WA (6232)

Millbridge House: Median price $430,000, Annual capital growth 7.64%, Number of sales 26, Weekly median advertised rent $420

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Millbridge has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of 1.78% to date .

A -4.44% growth in median value for property investors in Millbridge,6232 puts this suburb at number 45th in terms of best performing suburbs in WA

Property buyers and investors in Millbridge 6232 should be seeing an average reduction in asking price of around -5.25% . This means that Millbridge is holding prices well when compared to other suburbs in WA.

At number 3247 in a list of fastest selling suburbs, Millbridge is in the bottom 20% of suburbs in Australia with an average of days on market 116.632 for properties listed there.

Millbridge is 148th on a list of best yielding suburbs for rents in WA with a 5.08% return

Metrics i HOUSE UNIT
$430,000 N/A
4.88% N/A
1.78% N/A
7.64% N/A
$420 N/A
26 N/A
5.08% N/A
116.631578947368 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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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
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