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Investment Spotlight • Australia
MILLGROVE 3799
State: VICUpdated: 8 April 2026
PosiProp AI Investment Summary
MILLGROVE (VIC 3799) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.6% and has experienced a 12-month capital growth of Up 5.2%, with a median house buy price of $628,500. 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
$565,500
Up 5.6% 4.4% Yield
3 house • buy
$627,500
Up 2.0% 4.6% Yield
4 house • buy
$680,000
Up 11.9% 4.6% Yield
all house • buy
$628,500
Up 5.2% 4.6% Yield
Suburb Market Profile
Last month Millgrove had 1 property available for rent and 9 properties for sale. Median sold prices over the last year is $628,500 for houses. If you are looking for an investment property, consider houses in Millgrove rent out for $500 PW with an annual rental yield of 4.6% and units rent for $275 PW with a rental yield of 4.0%. Millgrove has seen an annual compound growth rate of 5.2% for houses.
Properties For Sale in MILLGROVE
0 Listings FoundNo active properties currently crawled in this suburb.