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Millbridge, WA 6232

Home » WA Real Estate Data » Shire of Dardanup, WA » Millbridge, WA 6232

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Millbridge, WA 6232 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Millbridge, WA 6232”

  1. The total adult population (15 years or older) of Millbridge 6232 WA is 1,990, with a median age of 33. Of those, 57.79% are married, 7.69% are divorced or separated, 32.51% are single and 2.11% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $10,464. The median monthly mortgage repayment for households in this suburb is $1,993 which is 19.05% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the stunning state of Western Australia, the suburb of MILLBRIDGE 6232 is a relatively compact residential region consisting of around 1059 households. As we delve into the third quarter of 2023, property investors and individuals interested in breaking into the market should set their gaze upon the promising figures and metrics this suburb presents.

    Straddling a pleasant middle range in the property price spectrum, typical prices for houses in MILLBRIDGE 6232 are valued at $610,687. Amidst the backdrop of the current market environment, median weekly rent skims the surface at an enticing $555. The dangling lure for property investors centres around the indicative yield, residing at an undeniably attractive 4.73% – considerably above the 3% cashflow market requirement.

    Focusing on the socio-economic makeup of the area, MILLBRIDGE 6232 boasts a moderate IRSAD score of 1018 out of 1217, indicating a substantial access to economic resources and a substantial share of skilled professionals. It’s also important to highlight that the renter to owner ratio is an enviable 17%, well below the 30% threshold for favourable investment territory.

    Interestingly, in MILLBRIDGE 6232, the market is skewed entirely towards houses, with a units to houses ratio of 0%. The advantages of this skewness can include attracting families, signifying longer tenancy periods, and reducing competition among landlords.

    Turning our attention towards affordability, the index for houses stands at a favourable point of 23 years. This suggests that with a standard 30-year mortgage, most homeowners in MILLBRIDGE 6232 would entirely own their abodes seven years ahead of schedule, reinforcing the region as an affordable investment.

    Supply metrics in MILLBRIDGE 6232 reflect a balanced market situation. The stock on market Percentage for houses is well within a neutral range at 0.85%, sitting comfortably between the preferable range of 0.4-1.3%. inventory level displays similar findings, standing at 1.96 months, again falling within the favourable territory.

    The building approvals Ratio, reflective of construction activity, is settled at a modest 0.57% – indicative of a market that doesn’t face a surge of new dwelling stock in the immediate future.

    Demand measures also point towards an equilibrium in the market. The days on market metric clocks in at 80, a sign that while the market isn’t overly hot, properties aren’t languishing on listings either. The combined vacancy rate for houses and units 1.13% – indicative of a market with a high demand. The buy search index for houses reveals itself at 4 – a neutral figure illustrating some interest in property ownership in the region.

    Thus, MILLBRIDGE 6232, with its attractive yields, balanced supply-demand dynamics, and an appealing affordability index, presents steady opportunities for investors seeking long-term growth and favourable returns. It is crucial to remain updated with trends in the market to capitalise on evolving opportunities and real estate investment decisions.

    Whether you’re starting out as a property investor or a buyer’s agent looking for promising locations, the Relative Composite Score (RCS) developed by HtAG Analytics streamlines your research for a comprehensive comparison across key metric.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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