Page 9 - Appraisal 2 Wotherspoon Rd Millars Well

Millars Well

Demographic

Suburb Insights

1.8 k
Population

-17%
5 years population
change

10.9 years
Average length of
ownership

The size of Millars Well is approximately 3.4 square kilometres. It has 1 park covering nearly 1.9% of total area.
The population of Millars Well in 2011 was 2,196 people. By 2016 the population was 1,816 showing a
population decline of 17.3% in the area during that time. The predominant age group in Millars Well is 30-39
years. Households in Millars Well are primarily couples with children and are likely to be repaying $3000 -
$3999 per month on mortgage repayments. In general, people in Millars Well work in a trades occupation. In
2011, 18.9% of the homes in Millars Well were owner-occupied compared with 21.7% in 2016. Currently the
median sales price of houses in the area is $355,000.

HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE
TYPE % TYPE % TYPE % TYPE %
Childless Couples 32.9 Owns Outright 5.8 0-15.6K 2.2 0-9 19.1
Couples with Children 53.9 Purchaser 15.9 15.6-33.8K 3.0 10-19 10.5
Single Parents 10.8 Renting 74.4 33.8-52K 4.7 20-29 19.1

Other 1.1 Other 0.6 52-78K 8.5 30-39 19.5
Not Stated 2.4 78-130K 27.8 40-49 14.8
130-182K 12.0 50-59 11.1
182K+ 30.3 60-69 4.6
70-79 0.5
80-89 0.2

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