Millars Well

POSTAL CODE: WA, 6714

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 15.82% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $567,500

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1200.

Home owners selling their properties and realtors in MILLARS WELL usually have to wait an average of 44.5 days days before their assets are lifted off the market.

The WA suburb ranks 3rd on the list of best yielding suburbs for rental properties in WA, posting a 11% return.

It also places places 410th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that MILLARS WELL, 6714 obtained a 0% decrease over a ten-year period. It ranks 1948th on our list of suburbs that property investors should look into.

MILLARS WELL, 6714 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in MILLARS WELL sitting at $457,500, and the average rent at $900, property owners could potentially earn a 10.23% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MILLARS WELL are high, as opposed to average gains per annum over the past five years.

MILLARS WELL, 6714 in WA belongs to the local government area of Karratha.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$567,500	$457,500
Growth Report
Median Quarterly	1.34%	12.27%
Median 12 month	14.65%	0%
Median 3 years	15.82%	0%
Median 5 years	34.32%	0%
10 years average annual	5.97%	0%
Weekly media advert. rent	$1,200	$900
Time on Market	44.5 days	N/A
Gross Rental Yield Percent	11%	10.23%

Demographics (Median Values)*

Total Population 16829

Weekly Household Income 2634

Household Size 2.80

Average Age 31

Monthly Loan Repayment 2500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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