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Investment Property Mill Park, VIC, 3082

Suburb Snapshot

Mill Park is a suburb in the Whittlesea Region of Victoria. Mill Park has a population of 29,713 people and 19.26% of its occupants live in rental accommodation. The median listing price for houses is $695,000 and this has changed 3.73% over the past year and changed 6.92% over 2 years.

The median rent in Mill Park for houses is $520 per week and the median rental yield is 3.89%. Stock on the market for houses/townhouses has changed 16.67% compared to last year and the average time to sell a house/townhouse is 39 days.The median listing price for units is $395,000 and this has changed 1.28% over the past year. The average unit takes 75 days to sell and the median rent for a unit in Mill Park is $450 per week, producing a rental yield of 5.92%.

Supply & Demand in Mill Park, Whittlesea

0.95%

Current vacancy rate


106

Rental stock available


29,713

Population


19.26%

Rental population


1.12%

Current vacancy rate


1,064

Rental stock available


197,494

Population


22.25%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Mill Park, Whittlesea

  House Townhouses Units
Median listing price $695,000 $555,000 $395,000
Median price change - last quarter 2.20% 2.28% 1.28%
Median price change - 1 year 3.73% NA 1.28%
Median price change - 2 years 6.92% 11.00% 0.00%
  House Townhouses Units
Median weekly rent $520 $560 $450
Median yield % 3.89% 5.24% 5.92%
Median rent change - 1 year 13.04% 21.73% 7.14%
  House Units
Previous month sales 36 7
Stock on market previous month 70 11
Stock variance vs. last year 16.67% -38.89%
Average days on market 39 75

Mill Park investment property listings

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