Milpara is a small locality in Western Australia within the Albany local government area (postcode 6330). The area has roughly 953 residents and a settled, mature resident base, with a median age of 47. Households earn a median income of $70K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 community & personal service, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Milpara is $868,000, having jumped by 21.4% over the past year. The median weekly rent is $310 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,594.
Looking at the investment signals, Milpara shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are near the state median ($868K/$1.0M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved +21.4% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.