Mill Park Property Market Overview (2026)
Mill Park sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Population: 28,712 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Mill Park’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Mill Park
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Mill Park stacks up:
| Amenity Factor | Mill Park | Impact on Value |
|---|---|---|
| Schools | 8 | Strong — school zones drive family demand |
| Parks | 56 | High — green space is a premium driver |
| Dining & Cafes | 6 | Developing |
| Medical | 4 | Adequate |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 3 | Some options |
Total amenity score: 90. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Mill Park has 8 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Findon Primary School | 5 Cuthbert Drive |
| Plenty Parklands Primary School | 48-66 Blosson Park Drive |
| Mill Park Primary School | 10 Blamey Avenue |
| St Francis of Assissi Primary School | 290-312 Childs Road |
| Mill Park Secondary College | 9-25 Moorhead Drive |
| Mill Park Heights Primary School | 87-93 Pindari Avenue |
| St John XXIII Primary School | 17 Regal Avenue |
| Epping Primary School Greenbrook Campus | 60 Peppercorn Parade |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Mill Park
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Mill Park are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Mill Park Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Mill Park
- Best Cafes in Mill Park
- Best Bars in Mill Park
- Cost of Living in Mill Park
- Mill Park Neighbourhood Guide
- Family Guide to Mill Park
- Is Mill Park Safe?
- Mill Park Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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