Suburb Profile Report for Millars Well WA (6714)

Millars Well House: Median price $246,500, Annual capital growth -7.22%, Number of sales 58, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Millars Well, 6714 have given investors a capital gain of -1.80%. This compares averagely with the -2.32% for WA as a whole.

Across a shorter period, Millars Well, 6714 has seen a median price increase of -1.40% over the last quarter.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 7.91%, without taking into account capital value appreciation, which has been averaging out at -7.22%.

Metrics i HOUSE UNIT
$246,500 N/A
-1.40% N/A
-1.80% N/A
-7.22% N/A
$375 N/A
58 N/A
7.91% N/A
N/A N/A

Source: CoreLogic

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