Mill Park Suburb Profile, VIC, 3082 (Pricing & Investment Data)

Mill Park Suburb Profile
Victoria 3082

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Mill Park has 12,077 properties. Over the last 5 years, Houses in Mill Park have seen a 26.71% increase in median value, while Units have seen a 27.48% increase. As at 31 October 2025:

  • The median value for Houses in Mill Park is $889,003 while the median value for Units is $559,545.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 36 properties listed for sale, and 33 properties listed for rent in Mill park on OnTheHouse. According to Cotality's data, 466 properties were sold in the past 12 months in Mill park.

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.

Suburb Insights for MILL PARK 3082

Market Insights
Mill Park Trends for Houses
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mill Park Trends for Units
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age

Population 28712

0-9

 

10%

10-19

 

11%

20-29

 

14%

30-39

 

14%

40-49

 

12%

50-59

 

15%

60-69

 

13%

70-79

 

7%

80-89

 

3%

90-99

 

1%

Household Structure
Occupancy
Cotality Copyright and Legal Disclaimers about Property Data

Last Updated: 06/12/2025

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.