Millars Well vs Pinjarra
Property investment comparison - Millars Well, WA 6714 vs Pinjarra, WA 6208
Head-to-head across core investment metrics: Millars Well wins 4, Pinjarra wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Millars Well | Pinjarra |
|---|---|---|
| Median house price | $685K | $700K |
| Median unit price | $520K | - |
| Gross rental yield (houses) | - | 4.26% |
| Gross rental yield (units) | 10.50% | 3.20% |
| 1-year house growth | +23.8% | +22.6% |
| 3-year house growth | +47.3% | +68.9% |
| Vacancy rate | 0.7% | 2.2% |
| Population | 2,104 | 4,914 |
Millars Well vs Pinjarra: what the numbers say
The median house price is $685K in Millars Well and $700K in Pinjarra, so Millars Well is the cheaper entry point, with Pinjarra houses about 2% dearer.
Over the past year house prices moved +23.8% in Millars Well and +22.6% in Pinjarra, so recent momentum favours Millars Well, although both suburbs recorded growth.
Looking back three years, Millars Well houses are +47.3% and Pinjarra houses +68.9%, so Pinjarra has compounded faster than Millars Well over the longer window.
Rental vacancy is 0.7% in Millars Well and 2.2% in Pinjarra, so landlords in Millars Well face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Pinjarra is the bigger suburb, with a population of 4,914 against 2,104, roughly 2.3 times the size of Millars Well; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Millars Well for a lower purchase price, Millars Well for recent price momentum, Millars Well for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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