This property is Off Market
With an average age of 30, households expect an average monthly mortgage payment of $1,517 or a weekly rent payment of $390. The average family earns a weekly income of $3,104 with a typical household size of 2.3 and a 95.26% employment rate.
In Millars Well 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. High average incomes in Millars Well ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Millars Well changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Millars Well 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.
(Country of Birth not stated 15%)
Karratha a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Western Australia State average 54 / 100
Income
69 / 100
55 / 100
Industry
40 / 100
48 / 100
Population
33 / 100
35 / 100
House Prices
49 / 100
62 / 100
Jobs
21 / 100
17 / 100
Incidents Trend State Average
Tambrey Primary School
Karratha, WA, 6714 State K-6
Karratha Primary School
Karratha, WA, 6714 State K-6
St Luke's College
Karratha, WA, 6714 Independent 7-12
Millars Well Primary School
Karratha, WA, 6714 State K-6
Pegs Creek Primary School
Karratha, WA, 6714 State K-6
Baynton West Primary School
Baynton, WA, 6714 State K-6
Karratha Senior High School
Karratha, WA, 6714 State 7-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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