MILL PARK 3082
State: VICPosiProp AI Investment Summary
MILL PARK (VIC 3082) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.9% and has experienced a 12-month capital growth of Up 3.9%, with a median house buy price of $840,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$615,500
$800,000
$906,500
$840,000
Suburb Market Profile
Last month Mill Park had 70 properties available for rent and 63 properties for sale. Median property prices over the last year range from $840,000 for houses to $607,500 for units. If you are looking for an investment property, consider houses in Mill Park rent out for $570 PW with an annual rental yield of 3.9% and units rent for $500 PW with a rental yield of 4.9%. Mill Park has seen an annual compound growth rate of 3.9% for houses and 10.4% for units.
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