18 Development BoulevardMill Park VIC 3082
Property Details for 18 Development Bvd, Mill Park
Last Listing description (September 2021)
GrayJohnson is delighted to offer for sale a premium high density development site.
The Opportunity:
> Significant landholding of 9,908 sqm*
> Optimum dimensions and proportions for an efficient high density residential or aged care project^
> Potential development height of 13.5m (4 storeys)^
> Zoned Residential Growth Zone - Schedule 1
> Stand out position - minutes to Westfield and RMIT
Unrivalled Location:
> Exceptional residential/aged care position only 500 metres* to Rivergum Shopping Centre.
> Proximity to other high profile retailers including Bunnings, Kmart and Woolworths.
> Immediate access to all modes of public transport including trams on Plenty Road and South Morang Station (1.3 km*)
> Quick access to major arterials including Plenty Road and Metropolitan Ring Road (4 km*)
*approx
^Subject to planning approval
Property History for 18 Development Bvd, Mill Park, VIC 3082
- 21 Jul 2021Sold for $5,336,100
- 26 Feb 2021Listed for Sale Contact Agent
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About Mill Park 3082
The size of Mill Park is approximately 12.8 square kilometres. It has 60 parks covering nearly 18.3% of total area. The population of Mill Park in 2016 was 29710 people. By 2021 the population was 28712 showing a population decline of 3.4% in the area during that time. The predominant age group in Mill Park is 50-59 years. Households in Mill Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mill Park work in a professional occupation.In 2021, 74.80% of the homes in Mill Park were owner-occupied compared with 76.30% in 2016.
Mill Park has 12,076 properties. Over the last 5 years, Houses in Mill Park have seen a 26.75% increase in median value, while Units have seen a 27.64% increase. As at 31 December 2025:
- The median value for Houses in Mill Park is $904,238 while the median value for Units is $557,220.
- Houses have a median rent of $550 while Units have a median rent of $500.
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