Millbridge (postcode 6232) is a smaller suburb in Western Australia within the Dardanup local government area. With a population of 2,736, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $128K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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 healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
Median house prices in Millbridge stand at $910,000, having surged by 19.7% over the last twelve months. The current median weekly rent is $720. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,993.
Public transport access includes 14 bus stops.
From an investment perspective, Gross rental yield sits at around 4.1% (moderate yield). Property prices are near the state median ($910K/$1.0M). The price-to-income ratio of 7.1x is considered moderate. House prices have moved +19.7% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.