Question 1

Is Millars Well a nice place to live?

Accepted Answer

Millars Well sits on flat, red-soil country in Karratha’s Pilbara and is shaped by the region’s arid climate. The streets are mainly single-storey homes with practical yards, and the suburb’s 2,104 residents have a median age of 31. It is home to families, long-term locals and many people linked to the resources and service industries; just over half of families are couple families with children and a large share of dwellings are rented (65.5%). Living there tends to be straightforward and work-oriented with a lived-in, community-focused feel.

Everyday needs are met by small local shops, schools and community sporting facilities, while Karratha town centre, regional roads and Karratha Airport are all within easy reach. Millars Well Primary School serves the suburb and Karratha Senior High School received a major upgrade that added specialist technology, STEM and media learning spaces. The suburb is also included in the City of Karratha’s Karratha Revitalisation Strategy, which identifies infill, higher-density opportunities and town-centre and infrastructure improvements. Whether Millars Well suits you will come down to the kind of community and housing arrangements you prefer.

Question 2

Is it expensive to live in Millars Well?

Accepted Answer

On the figures for Millars Well, house rent at $1,340 a week would take about 42% of a typical local household's weekly income at the last Census (median household income $3,188 a week), which is a large share of that income. A median house price of $687,500 works out to about 4.1 times a typical local household's annual income at the last Census, which sits somewhat above local incomes.

Whether that feels expensive will depend on your own income and circumstances, and on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Millars Well a good place to invest?

Accepted Answer

House rents in Millars Well climbed 27.6% over the past 12 months, a strong rise, while house values also increased markedly, up 24.2% over the year. For someone weighing Millars Well as an investment, the value figure represents capital growth and the rent figure represents rental income, and the rent a house earns has risen a little faster than its price this year.

If rental income is your priority, the 27.6% lift is the number that matters; if you are focused on capital growth, note the 24.2% increase. Whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$688K	N/A
Change in value Past 12 months	24.2%	N/A
Sold Past 3 months	10	2
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$1340	N/A
Change in rent Past 12 months	27.6%	N/A

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