Real Estate Mill Park Vic 3082

Mill Park: Large, green and suburban.

Housing Market in Mill Park

Key Mill Park Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$534	Bottom 34%	154% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Mill Park

Mill Park Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Mill Park

26.7%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	10.8	Top 22%	76% to Jun 2025
Developments	0.1	Bottom 23%	Data for Jul 2023
Housing Stock Quality Indicator	51.8	Top 14%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	17 lots	Top 29%	70% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	60	Top 1%	2900% to Mar 2025

Housing Stock Quality in Mill Park

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	87.7%	Bottom 18%	6% to Jan 2021
Average bedrooms - all homes	2.7	Top 30%	12% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Mill Park

Mill Park Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Mill Park

48.9%

Melbourne

36.9%

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Suburbs

Field	Value	VS Melbourne	Trend
Total area	12.0 sq km	Top 43%	Data for Jan 2021
Heritage overlay total area	0.2 sq km	Top 29%	Data for Jun 2023
Residential density	310 sqm per resident	Bottom 10%	Data for Jan 2021

Risk in Mill Park

Mill Park Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Mill Park

53.8

Melbourne

49.7

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Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	82.7%	Bottom 22%	0% to May 2023
% Rentals	17.3%	Top 22%	0 to May 2023
Housing Affordability Index	42	Top 23%	Data for Jun 2023
Median monthly mortgage	$1,800	Bottom 42%	16% to May 2023
Rent Affordability Index (Houses)	81	Top 36%	Data for Jun 2023
Rent Affordability Index (Units)	72	Bottom 27%	Data for Jun 2023
Mortgage as a percent of income	23.2%	Top 45%	5% to Jan 2021
Mortgaged Dwellings	38.3%	Bottom 49%	6% to May 2023

Housing Demand in Mill Park

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Mill Park

88.3%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	18400	Top 24%	4% to Dec 2036
Historical Population (SA3)	271000	Top 1%	116% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	350000	Top 1%	199% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Mill Park

Mill Park Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$489	Bottom 49%	179% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	68.7%	Bottom 41%	10% to Mar 2025

Realtors (9)

Headline	Place	Datetime
Barry Plant Mill Park	500B Plenty Rd
Buy Sell Rent Property Group	16S/314-360 Childs Rd
First National Plenty Valley	Shop 3/30 Oleander Dr
Harcourts Mill Park	Shop 36 The Stables Shopping Centre, Childs Rd,
Harcourts Mill park / South Morang	510 Plenty Rd

Accommodation Options (5)

Businesses (97)

Name	Address
Betha Group	383 Childs Rd, Mill Park VIC 3082, Australia
Alan Bruzzese Constructions Pty Ltd	2 Regezia Ct, Mill Park VIC 3082, Australia
A&J Agosta Construction PTY LTD	26 Charlotte Rd, Mill Park VIC 3082, Australia
Densam Constructions PTY Ltd.	184 Blossom Park Dr, Mill Park VIC 3082, Australia
HQF Fencing Services	189 Roycroft Ave, Mill Park VIC 3082, Australia

Planning Applications: Dwellings (22)

Headline	Place	Date
2 Lot Subdivision of existing house & townhouse at lock-up stage - Streamlined Planning through Electronic Applications and Referrals S219841V	5 Somers Close, Mill Park VIC 3082	04 Oct 2023
Dwelling Alfresco Balcony Garage Porch Outbuilding - City of Whittlesea 744/2023	50 Arthur Phillip Way Mill Park VIC 3082	27 Jul 2023
Application for Planning Permit for Subdivision of the overall Development in 5 stages generally in accordance with the Endorsed Town Planning Drawings (716834). The proposed overall Plan of Subdivision for Endorsement, Five staged Plan of Subdivisions, Endorsed Construction Management Plan and Plan of Subdivision staging markup has been provided. Easements to be created in accordance with Plan of Subdivision. - Streamlined Planning through Electronic Applications and Referrals S212498V	328 Mckimmies Road, Mill Park VIC 3082	11 May 2023
Dwelling Garage Alfresco Porch Pergola Balcony - City of Whittlesea 407/2023	11 Chicquita Place Mill Park VIC 3082	29 Mar 2023
Dwelling Outbuilding - City of Whittlesea 73/2022	66 Hinkler Drive Mill Park VIC 3082	05 May 2022

Planning Applications: Other (60)

Headline	Place	Date
Dwelling Alfresco Balcony Garage Porch Outbuilding - City of Whittlesea 744/2023	50 Arthur Phillip Way Mill Park VIC 3082	27 Jul 2023
Dwelling Garage Alfresco Porch Pergola Balcony - City of Whittlesea 407/2023	11 Chicquita Place Mill Park VIC 3082	29 Mar 2023
To remove the restriction created in Instrument of Transfer No.T560980F from Certificate of Title Vol. 10200 Fol. 642. - Streamlined Planning through Electronic Applications and Referrals S205655A	7 Laurina Turn, Mill Park VIC 3082	08 Dec 2022
Verandah - City of Whittlesea 140/2022	1 Bachli Close Mill Park VIC 3082	14 Sep 2022
Verandah - City of Whittlesea 124/2022	1 Albyn Court Mill Park VIC 3082	12 Sep 2022

Planning Applications: Industrial (1)

Headline	Place	Date
Warehouse Office - City of Whittlesea 16/2022	30 Heaths Court Mill Park VIC 3082	05 Jan 2022

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Hoddle Ct	10 May 2024	$1,070,000
Hinkler Dr	10 May 2024	$885,000
Hobson Cr	10 May 2024	$566,800
Homestead Pl	10 May 2024	$1,185,000
Hope Ct	10 May 2024	$971,000

LGA Details (1)

Headline	Place	Datetime
Local government area	Whittlesea

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$370,000	Bush Bvd
10 May 2024	$510,000	Centenary Dr
10 May 2024	$540,000	Childs Rd
10 May 2024	$585,000	Hinkler Dr
10 May 2024	$375,000	Oleander Dr

Median House Rental Prices by Street (76)

Street	Date	Median rent (per week)
Farnham Cr	21 Mar 2025	$595
Garden Grove Dr	21 Mar 2025	$560
Flemington Dr	21 Mar 2025	$520
Delacombe Dr	21 Mar 2025	$550
Devlin Ct	21 Mar 2025	$512

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
5 Apsley Ct	$820,500	3.0	2.0	2.0	22 Mar 2025	On Market
75 Wenden Rd	$750,000	3.0	1.0	6.0	17 Mar 2025	On Market
20 Veronica Cr	Price Withheld	3.0	2.0	3.0	15 Mar 2025	On Market
27 Kellaway Cr	$825,000	3.0	2.0	2.0	15 Mar 2025	On Market
1 Zinnea Ct	Price Withheld	4.0	2.0	2.0	15 Mar 2025	On Market

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
75.0%	Thompson Cct	average turnover	Every 13.3 years (average turnover)	2025
50.0%	Worgan Cl	very tightly held	Every 20.0 years (very tightly held)	2025
55.6%	Norwood Rd	quite tightly held	Every 18.0 years (quite tightly held)	2025
80.0%	Redfield Ct	average turnover	Every 12.5 years (average turnover)	2025
50.0%	Canary Ct	very tightly held	Every 20.0 years (very tightly held)	2025

Percent of Renters by Street (100)

Percent of Renters	Street
13.2%	Acmena Ct
62.7%	Adam Pl
46.2%	Agonis Ct
58.6%	Ajax Ct
0.0%	Alba Ct

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
131 Centenary Dr	$5,202,260	3	1	3	20 Mar 2025
131 Centenary Dr	$5,202,260	3	1	3	20 Mar 2025
131 Centenary Dr	$5,202,260	3	1	3	20 Mar 2025
29 Streeton Circuit	$600	4	2	2	19 Mar 2025
212 Roycroft Ave	Price Withheld	3	1	10	19 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 24 Border Dr	$480	3.0	1.0	1.0	18 Mar 2025
Unit 2, 24 Border Dr	$480	3.0	1.0	1.0	18 Mar 2025
Unit 1, 13 Rule Cl	$460	2.0	1.0	1.0	13 Feb 2025
Unit 1, 13 Rule Cl	$460	2.0	1.0	1.0	13 Feb 2025
Unit 1, 13 Rule Cl	$460	2.0	1.0	1.0	13 Feb 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
19 Pickworth Dr	$510,500	2.0	1.0	1.0	12 Mar 2025	On Market
19 Pickworth Dr	$510,500	2.0	1.0	1.0	12 Mar 2025	On Market
19 Pickworth Dr	$510,500	2.0	1.0	1.0	12 Mar 2025	On Market
5 Gorman Dr	Price Withheld	2.0	2.0	1.0	01 Mar 2025	On Market
5 Gorman Dr	Price Withheld	2.0	2.0	1.0	01 Mar 2025	On Market