2. VIC
  3. Yarra Ranges

Houses Units

Here you can find what you need to know about Millgrove, 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

$590K Median Sale Price (National Average $485k) 533rd In VIC
4.66% Median Sale Price Change (1yr) (National Average 4.30%) 134th In VIC
Properties sold 29
Average discounting -3.70%
Average Days on Market 48
Stock on Market 23 for sale

Investment Strategy Scores

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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.

Millgrove, 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.

Millgrove, 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.

Millgrove, 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.

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Property Prices in Millgrove


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Millgrove, VIC 3799

Part of: Yarra Ranges Council No data available

The size of Millgrove is approximately 9.4 square kilometres. It has 4 parks covering nearly 29.2% of total area. The population of Millgrove in 2011 was 1,554 people. By 2016 the population was 1,650 showing a population growth of 6.2% in the area during that time. The predominant age group in Millgrove is 50-59 years. Households in Millgrove are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millgrove work in a trades occupation. In 2011, 77.3% of the homes in Millgrove were owner-occupied compared with 74.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Millgrove

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Millgrove   for Houses in last 12 months


There have been 29 Houses sold in Millgrove in the past 12 months with a median sale price of $590K, up 4.7% annually. It takes on average 25 days to sell with vendor discounting of -3.7%.

Others also viewed

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Millicent SA, 5280 -3.82% $327,000 $320pw 5.1% View Suburb Profile
Warburton VIC, 3799 -10.61% $627,500 Unavailable Unavailable View Suburb Profile
Cadell SA, 5321 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
West Busselton WA, 6280 18.33% $742,500 $675pw 4.7% View Suburb Profile
Goomeri QLD, 4601 Unavailable Unavailable Unavailable Unavailable View Suburb Profile
Kioloa NSW, 2539 Unavailable Unavailable Unavailable Unavailable View Suburb Profile

Currency

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