2. WA
  3. Karratha

Houses Units

Here you can find what you need to know about Millars Well, WA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$488K Median Sale Price (National Average $485k) 412th In WA
1.59% Median Sale Price Change (1yr) (National Average 4.30%) 435th In WA
$1,100pw Median Rent (National Average $395) 15th In WA
11.7% Median Gross Yield (National Average 4.24%) 5th In WA
Properties sold 63
Average discounting -7.81%
Average Days on Market 63
Stock on Market 28 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Millars Well, WA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Millars Well, WA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Millars Well, WA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Millars Well


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Millars Well, WA 6714

Part of: Karratha Council No data available

The size of Millars Well is approximately 3.4 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of Millars Well in 2011 was 2,196 people. By 2016 the population was 1,816 showing a population decline of 17.3% in the area during that time. The predominant age group in Millars Well is 30-39 years. Households in Millars Well are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Millars Well work in a trades occupation. In 2011, 18.9% of the homes in Millars Well were owner-occupied compared with 21.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Millars Well

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Millars Well   for Houses in last 12 months


There have been 63 Houses sold in Millars Well in the past 12 months with a median sale price of $488K, up 1.6% annually. It takes on average 34 days to sell with vendor discounting of -7.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Millbank QLD, 4670 29.73% $486,500 $500pw 5.3% View Suburb Profile
Karratha WA, 6714 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Pegs Creek WA, 6714 6.84% $507,500 $1,000pw 10.2% View Suburb Profile
Baynton East VIC, 3444 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Toora VIC, 3962 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Port Hacking NSW, 2229 -13.33% $2,600,000 Unavailable Unavailable View Suburb Profile

Currency

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