2. VIC
  3. Whittlesea

Houses Units

Here you can find what you need to know about Mill Park, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$780K Median Sale Price (National Average $485k) 348th In VIC
1.69% Median Sale Price Change (1yr) (National Average 4.30%) 276th In VIC
$520pw Median Rent (National Average $395) 365th In VIC
3.5% Median Gross Yield (National Average 4.24%) 314th In VIC

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
Upgrade to Premium to view Investment Strategy Scores for every available property and suburb in Australia
Upgrade to Premium to view pros & cons and Investment Strategy Scores for every available property and suburb in Australia
How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Mill Park, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Mill Park, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Mill Park, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

Upgrade to Premium to see available development permits for Mill Park, VIC.  Learn more

Property Prices in Mill Park


Loading

State Auction Clearance Rates


Loading

Local Schools


Loading

Suburb Information

Mill Park, VIC 3082

Part of: Whittlesea Council No data available

The size of Mill Park is approximately 12.8 square kilometres. It has 60 parks covering nearly 18.3% of total area. The population of Mill Park in 2011 was 30,517 people. By 2016 the population was 29,732 showing a population decline of 2.6% in the area during that time. The predominant age group in Mill Park is 50-59 years. Households in Mill Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mill Park work in a professional occupation. In 2011, 79.2% of the homes in Mill Park were owner-occupied compared with 76.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Mill Park

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Mill Park   for Houses in last 12 months


There have been 329 Houses sold in Mill Park in the past 12 months with a median sale price of $780K, up 1.7% annually. It takes on average 30 days to sell with vendor discounting of -2.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Bundoora VIC, 3083 3.65% $880,000 $550pw 3.2% View Suburb Profile
South Morang VIC, 3752 5.34% $769,000 $550pw 3.7% View Suburb Profile
Epping VIC, 3076 1.49% $680,000 $530pw 4.0% View Suburb Profile
Millars Well WA, 6714 2.32% $490,000 $1,100pw 11.7% View Suburb Profile
Lalor VIC, 3075 4.32% $700,000 $500pw 3.7% View Suburb Profile
Thomastown VIC, 3074 5.13% $714,900 $500pw 3.6% View Suburb Profile

Currency

Version 2 of these Property Value Terms of Use are current as and from 16 June 2022.
© 2022 RP Data Pty Ltd trading as CoreLogic Asia Pacific. All rights reserved.

Disclaimers

This publication reproduces materials and content owned or licenced by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information (CoreLogic Data).
© Copyright 2024. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/legals/third-party-restrictions

This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode