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Millendon, WA 6056
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$855,000
list-price estimate
Median Unit
$820,000
Gross Yield (houses)
1.8%
1yr Growth
-
Investment snapshot for Millendon
Millendon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Millendon market and investor summary
In Millendon, WA 6056, houses show a gross rental yield of 1.8%. At 4.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.8% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 78 days on market, so plan for a slower exit if you ever need one.
Living in Millendon: people, income and schools
Millendon has a resident population of roughly 490, and the area has been growing steadily, up about 12% over five years. At a median age of 49, it reads as skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $105,000 a year (about $2,020 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Millendon sits about 23 km from the CBD. It is fairly car-dependent; the suburb scores 11 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 490
- +12% over 5yr
- Median age
- 49 years
- Median household income
- $105,000/yr
- Households renting
- 9%
- Family households
- 80%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1013
- Unemployment
- 5.7%
- Distance to CBD
- 23 km
- Walk score
- 11/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Millendon
View all →Frequently asked questions about Millendon
What should I check before investing in Millendon?
Millendon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.1%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Millendon?
The median property price in Millendon, WA 6056 is $820K for units.
What rental yield does Millendon show?
The gross rental yield in Millendon is 1.8% for houses and 5.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Millendon?
The current vacancy rate in Millendon is 4.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Millendon?
Millendon has a population of approximately 490 residents, with a median age of 49.
What schools are near Millendon?
There are 3 schools within roughly 5km of Millendon. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Millendon's population growing?
The population of Millendon has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Millendon from the CBD?
Millendon is about 23 km from the CBD.
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