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Mill Park

Suburb Profile

Mill Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3082

house
unit

Property investors enjoyed capital gains of 7.64% over the last 12 months in MILL PARK, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.4% growth over a ten-year period. It ranks 1328th on our list of suburbs that property investors should look into.

MILL PARK, 3082 has a capital gain of 7.64% for the past year, which is lower than average compared to its 46.5% growth within a five-year period.

With the median home price in MILL PARK sitting at $690,000, and the average rent at $390, property owners could potentially earn a 2.94% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MILL PARK are low, as opposed to average gains per annum over the past five years.

MILL PARK, 3082 in VIC belongs to the local government area of Whittlesea (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $690,000 $465,000
GROWTH REPORT
Median Quarterly 0.58% -1.06%
Median 12 month 7.64% 5.2%
Median 3 years 3.76% 5.08%
Median 5 years 46.5% 21.65%
10 years average annual 5.4% 3.34%
Weekly media advert. rent $390 $350
Time on Market 49.0 days 51.6 days
Gross Rental Yield Percent 2.94% 3.91%
demographics (median values)
Total Population
31638
Weekly Household Income
1144
Household Size
3.20
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