VIC/
Mill park

Suburb Profile

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

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unit

Property investors enjoyed capital gains of 20.04% 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 8.26% growth over a ten-year period. It ranks 466th on our list of suburbs that property investors should look into.

MILL PARK, 3082 has a capital gain of 20.04% for the past year, which is higher than average compared to its 67% growth within a five-year period.

With the median home price in MILL PARK sitting at $668,000, and the average rent at $380, property owners could potentially earn a 2.96% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $668,000 $437,500
GROWTH REPORT
Median Quarterly 4.13% 1.16%
Median 12 month 20.04% 11.75%
Median 3 years 54.99% 22.55%
Median 5 years 67% 33.92%
10 years average annual 8.26% 5.63%
Weekly media advert. rent $380 $340
Time on Market 38.4 days 52.5 days
Gross Rental Yield Percent 2.96% 4.04%
demographics (median values)
Total Population
31638
Weekly Household Income
1144
Household Size
3.20
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Mill Park, VIC
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