Thinking about buying in Millbrook? Now could not be a better time, with just 110 residential dwellings it's a highly sought after location.
The average property price for this area is $598,000 with prices in this suburb ranging from $514,000 to $702,000.Distance to the coast is 4 Km.
In Millbrook there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Millbrook are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Millbrook leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Millbrook necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|Median Weekly Rent||$360.00|
|Median Monthly Mortgage||$2030.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.06|
|Average Properties Within 50M||1.00|
|1008 MILLBROOK RD, MILLBROOK, WA, 6330||3||1||6|
None within suburb boundary(While the above schools are located with the suburb of Millbrook there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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