Millbridge, WA 6232

Millbridge has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +16.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

The median property price in Millbridge, WA 6232 is $915K for houses and $775K for units.

The gross rental yield in Millbridge is 4.1% for houses and 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

House prices in Millbridge are up 16.6% over the past year and up 66.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

The current vacancy rate in Millbridge is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

Millbridge has a population of approximately 2,736 residents, with a median age of 33.

There are 10 schools within roughly 5km of Millbridge. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

A median house in Millbridge costs about 7.2 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

The population of Millbridge has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.