Is MILL PARK a good suburb for positive geared property investment in Australia?

MILL PARK in VIC currently features property rental yields up to 3.8% with a 12-month capital growth value of Up 5.0%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in MILL PARK 3082?

The median house price in MILL PARK 3082 is approximately $840,500 based on the latest tracked market indices.

Investment Spotlight • Australia

MILL PARK 3082

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

MILL PARK (VIC 3082) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.8% and has experienced a 12-month capital growth of Up 5.0%, with a median house buy price of $840,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$615,000

Down -3.4% 4.1% Yield

3 house • buy

$800,000

Up 3.9% 3.8% Yield

4 house • buy

$908,250

Up 0.5% 3.7% Yield

all house • buy

$840,500

Up 5.0% 3.8% Yield

Suburb Market Profile

Last month Mill Park had 83 properties available for rent and 57 properties for sale. Median property prices over the last year range from $840,500 for houses to $597,500 for units. If you are looking for an investment property, consider houses in Mill Park rent out for $560 PW with an annual rental yield of 3.8% and units rent for $500 PW with a rental yield of 4.9%. Mill Park has seen an annual compound growth rate of 5.0% for houses and 11.7% for units.

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