Located in Western Australia within the Karratha local government area, Millars Well is a compact suburb (postcode 6714). The area has roughly 2,104 residents and a younger, working-age population, with a median age of 31. Households earn a median income of $166K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward mining and construction. The top ancestries reported are Australian, English, Scottish.
Millars Well has a median house price of $715,000, which has risen steeply by 31.2% year-on-year. The current median weekly rent is $1150. This gives a gross rental yield of approximately 8.4%. The median monthly mortgage repayment is $1,733.
Public transport access includes 2 bus stops.
From an investment perspective, Millars Well shows a gross rental yield of approximately 8.4%, rated as high yield. Property prices are near the state median ($715K/$1.0M). The price-to-income ratio of 4.3x is considered affordable. House prices have moved +31.2% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.