Median priceⓘLast 12 months
857kk
↑ +8.3% YoY
Most of Mill Park's activity is house rentals, with 427 leases (down 4%) at $555 a week (up 0.9%), renting out in about 23 days, among Victoria's most in-demand house rental markets, mostly 3-bedroom (around 65%).
House sales sit just behind, with 358 sales (down 8.4%) at around $857K (up 8.3%), taking about 24 days to sell, among the most sought-after house markets in Victoria, just over half of homes are 3-bedroom. Then come 92 unit rentals at $495 a week. 65 unit sales at around $572K (one of Victoria's strongest unit price gains).
Who lives hereA middle-income, mostly owner-occupied, family-oriented suburb — strongly multicultural and high-rise-heavy.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
16% report Italian ancestry, but only 3.1% were born in Italy — the gap is the Australian-born and diaspora Italian community, invisible in birthplace alone.
A deeply-rooted, long-settled migrant community.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.4× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
6 schools inside Mill Park, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Mill Park — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Mill Park in blue, peers in colour.
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Mill Park, ranked by distance — each compared against this suburb's Houses · Total segment so divergence reads at a glance.
VIC markets whose Houses · Total segment behaves most like Mill Park's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Mill Park include Kingsbury (VIC 3083), Bundoora (VIC 3083), Hadfield (VIC 3046), Keilor Downs (VIC 3038), Fawkner (VIC 3060), Endeavour Hills (VIC 3802), Noble Park (VIC 3174) and Burnside (VIC 3023). Each link opens that suburb's full market report.
23 data-driven answers about Mill Park's property market — every one computed from the metrics above.
The median house price in Mill Park, VIC 3082 is $857k as of June 2026, based on 358 sales recorded over the past 12 months. Houses there have moved +8.3% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
The median unit price in Mill Park, VIC 3082 is $572k as of June 2026, based on 65 sales over the past 12 months. Units have moved +19.4% year-on-year and currently trade at roughly 67% of the median house price.
The median weekly house rent in Mill Park is $555 as of June 2026, drawn from 427 leases over the past 12 months. Units rent for around $495 per week. House rents have moved +0.9% year-on-year. Current vacancy pressure is shown in the supply section above.
Gross rental yield in Mill Park is 3.40% for houses and 4.60% for units as of June 2026, compared with the VIC unit median of 5.12%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Mill Park medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $603k | $814k | $937k | $857k |
| Units | $529k | $445k | $639k | — | $572k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
At the median Mill Park unit ($572k purchase, $495/week rent), weekly mortgage repayments sit at roughly $633 — about $138 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
Mill Park's property market trends to June 2026: house prices rose +8.3% year-on-year and units +19.4%; weekly house rents moved +0.9%; homes sell in a median 24 days; sales supply sits at 1.6 months (severe). Read together — price, rent, selling speed and supply — they show which way the Mill Park market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
As of June 2026 in Mill Park, house prices rose +8.3% over the year, gross rental yield is 3.40% against a VIC median of 3.84%, houses take a median 24 days to sell, sales supply is 1.6 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Houses in Mill Park sell in a median 24 days on market as of June 2026, with units clearing slightly similarly at 24 days. Faster clearance typically coincides with stronger buyer demand and lower supply.
Mill Park's sales market sits at 1.6 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.0 months of supply.
House prices in Mill Park moved +8.3% over the 12 months to June 2026, while units moved +19.4%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Mill Park's house rental market sits at 1.0 months of supply as of June 2026 — classified as Severe (extreme shortage), with 427 houses leased over the past 12 months. Units sit at 1.2 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Mill Park's house market is currently in the 'in_demand_growing' phase as of June 2026 — combining high sales velocity (top quartile nationally) with flat year-on-year days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
Mill Park's median house price ($857k) is 11% above the VIC median ($773k) as of June 2026. On selling speed, houses clear in 24 days vs 29 days state median. On gross yield, Mill Park sits at 3.40% vs 3.84% state median.
Mill Park's most-similar nearby market is Kingsbury (6.4 km away) with a median house price of $866k — about 1% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
The most-transacted segment in Mill Park over the 12 months to June 2026 is 3 bed houses with 190 sales. 4 bed houses come second at 120 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Mill Park recorded 358 house sales and 65 unit sales over the 12 months to June 2026 — a combined 423 transactions. On the rental side, 427 houses and 92 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Mill Park, VIC 3082 is home to 28,712 residents (ABS Census 2021). The median resident age is 40, and the average household holds 2.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Mill Park earns $2k per week — roughly $90k a year (ABS Census 2021). Median personal income runs $716/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Mill Park is mostly owner-occupied: about 76% of households are owner-occupiers and 23% rent (ABS Census 2021). Of owners, 39% own outright and 37% are paying off a mortgage.
Mill Park has 60 schools within reach, 6 of them inside the suburb itself — including Mill Park Secondary College, St Francis of Assisi School, Findon Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Mill Park, VIC 3082 has a population of 28,712, a median age of 40, a median household income around $2k/week, 23% of households renting (ABS Census 2021). There are 60 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
This Mill Park market data was last updated June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.
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