ABS 2021 Census · Updated 31 March 2026
Millwood is a regional centre in Queensland, Australia, with a population of approximately 22, making it a boutique locality. Located approximately 190 km from the Brisbane CBD, Millwood is a regional area in Queensland. The median household income is $84,500 AUD per year (ABS 2021 Census).
Millwood has a solid income profile that supports reliable occupancy rates. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Map shows Millwood, Queensland, Australia.
Official Australia Post postcode for Millwood. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Millwood on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Millwood serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $100/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $975/month. The median household income of $84,500/year reflects a solid demographic, supporting sustainable rental demand. 79% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
Millwood offers moderate buy-and-hold potential — look for properties with value-add opportunities.
Achieving strong cash flow in Millwood is challenging at current rent-to-price ratios.
The resale market in Millwood may not support quick-turnaround renovation projects.
Run the numbers on a Millwood property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Millwood faces a cautious growth outlook for 2026 — investors should focus on yield rather than short-term gains. The rental pipeline in Millwood is thinner — flexible lease terms could help secure tenants faster. Millwood is not a headline market, but contrarian investors may see long-term potential.
Millwood is a regional area in Queensland with a population of 22. The median rent is $100/week and the median household income is $84,500/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Millwood include regional employment hubs, lifestyle, and affordability. 79% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Millwood has a population of approximately 22. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Millwood is approximately 190 km straight-line distance from the Brisbane CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant — local amenities and employment are important investment considerations.