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 +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, 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.
The current median weekly rent is $1150. The median monthly mortgage repayment is $1,733.
Public transport access includes 2 bus stops.
From an investment perspective, 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.