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 3.6% and has experienced a 12-month capital growth of Up 8.0%, with a median house buy price of $850,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$606,444
$800,000
$942,500
$850,000
Suburb Market Profile
Last month Mill Park had 79 properties available for rent and 57 properties for sale. Median property prices over the last year range from $850,000 for houses to $590,000 for units. If you are looking for an investment property, consider houses in Mill Park rent out for $550 PW with an annual rental yield of 3.6% and units rent for $500 PW with a rental yield of 4.5%. Mill Park has seen an annual compound growth rate of 8.0% for houses and 11.6% for units.