Mill Park is a large suburb in Victoria within the Whittlesea local government area (postcode 3082). With a population of 28,712, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Mill Park is $785,000, having risen modestly 0.6% over the past year. Units have a median price of $518,000 (+5.2% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,748.
Mill Park is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 11 rail stations, 141 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Mill Park offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($785K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +0.6% year-on-year.
Mill Park is a large suburb in Victoria within the Whittlesea local government area (postcode 3082). With a population of 28,712, the suburb has an established demographic with a median age of 40. Households earn a median income of $90K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Mill Park is $785,000, having risen modestly 0.6% over the past year. Units have a median price of $518,000 (+5.2% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,748.
Mill Park is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 11 rail stations, 141 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Mill Park offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($785K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +0.6% year-on-year.