Milltown Suburb ProfileVictoria 3304
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Milltown has 58 properties. Over the last 5 years, Houses in Milltown have seen a 117.21% increase in median value, while Units have seen a 3.59% increase. As at 31 October 2025:
- The median value for Houses in Milltown is $342,453 while the median value for Units is $382,670.
The size of Milltown is approximately 69.5 square kilometres. It has 2 parks covering nearly 17.7% of total area. The population of Milltown in 2016 was 63 people. By 2021 the population was 46 showing a population decline of 27.0% in the area during that time. The predominant age group in Milltown is 50-59 years. Households in Milltown are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Milltown work in a managers occupation.In 2021, 60.70% of the homes in Milltown were owner-occupied compared with 76.10% in 2016.
Market Insights
Milltown Trends for Houses
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Milltown Trends for Units
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Neighbourhood Insights
Age
Population 46
10-19
20%
50-59
37%
60-69
13%
70-79
20%
Household Structure
Occupancy
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Last Updated: 06/12/2025
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