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Suburb Insights ยท WA 6714

Millars Well 6714, Western Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Millars Well is a regional centre in Western Australia, Australia, with a population of approximately 2,104, making it a boutique locality. Located approximately 1251 km from the Perth CBD, Millars Well is a regional area in Western Australia. The median household income is $165,776 AUD per year (ABS 2021 Census).

Investment Score

52 / 100 Moderate

Above-average earnings in Millars Well support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Millars Well, Western Australia, Australia.

Key Indicators

Postcode
6714

Official Australia Post postcode for Millars Well. A postcode may cover multiple suburbs.

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Population
2,104

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$383/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$165,776/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
1251 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,733/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
57% houses

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 โ†’

Investment Insight

As a regional centre, Millars Well 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 $383/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. A median household income of $165,776/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Millars Well offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Expect competitive but not exceptional rental returns in Millars Well's current market.

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Renovation / Flip

Limited buyer depth in Millars Well makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Millars Well property

Full Property Analysis

30-year projections for Millars Well

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Price movement in Millars Well is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Millars Well is thinner โ€” flexible lease terms could help secure tenants faster. The market mood around Millars Well is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Millars Well a good suburb for investment?

Millars Well is a regional area in Western Australia with a population of 2,104. The median rent is $383/week and the median household income is $165,776/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Millars Well?

Key demand drivers in Millars Well include regional employment hubs, lifestyle, and affordability. 57% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Millars Well?

According to the ABS 2021 Census, Millars Well has a population of approximately 2,104. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Millars Well from the Perth CBD?

Millars Well is approximately 1251 km straight-line distance from the Perth CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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