Suburb Profile

Suburb profile for,

Mill Park, VIC

Located in the dynamic state of VIC (postcode 3082), MILL PARK is a vibrant real estate market. This suburb holds a median house price of $775,000 and has demonstrated an average buying growth of Up 0.9%. Last month, 47 houses were available, with 287 transactions completed in the past year. Properties spend around 45 days on the market, reflecting the area's demand with 3932 interested buyers. The average rental yield stands at 3.1%, with a weekly median rent of $365 per week and an average rent growth of Up 5.0%. Rental properties usually stay on the market for 22 days. The population in 2016 was 29732, which changed by -2.60% in the past five years. The median weekly household income is $1,499, reflecting an income change of +9.26% over the past five years. Residents have a median age of 37 years, and the suburb has an average annual growth for houses of +3.39%. To fully take advantage of MILL PARK's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in MILL PARK, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Mill Park, VIC

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
VIC
Suburb
MILL PARK
Postcode
3082
Median price for all dwellings
$775,000
Last 12 months growth return
Up 0.9%
Avg. dwellings for sale in the suburb every month
47
Avg. dwellings sold in the suburb in previous 12 months
287
Avg days on market for a dwelling listing to sell
45 days
Avg. number of people searching in this suburb every month
3932
Avg. rental yield per annum
3.10%
Weekly median rent for all dwellings
$365 per week
Median price for all houses
$775,000
Avg. rental yield growth in the previous 12 months
3.10%
Avg. days for a rental listing to find a tennant
22 days
Total suburb population in 2016
29732
Total suburb population change in 5 years up to 2016
-2.60%
Avg. household income per week
$1,499
Median age of the population in the suburb
37
Historic avg annual growth return per annum in the suburb
3.39%

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