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Mill Park Real Estate

Mill Park real estate

Flats or apartments made up 3% of occupied homes in Mill Park at the 2021 Census, below the 12% across Victoria.

  • House 88
  • Townhouse or terrace 10
  • Flat or apartment 2
  • Owned outright 39
  • Mortgaged 36
  • Rented 23
  • Other or not stated 2
Homes in Mill Park as a street of 100, from the census count of households by kind of home and tenure. Its shares of each kind of home round to 101% in all, so the street draws one flat fewer than its rounded share.
Median rent$366 a weekVIC $370
Median mortgage repayment$1,748 a monthVIC $1,859
Median household income$1,735 a weekVIC $1,759

Three-bedroom homes and separate houses in Mill Park

Three bedrooms was the count in 53% of Mill Park homes, above the 42% across Victoria. Four or more bedrooms came to 36%, above the state's 33%, and two bedrooms or fewer to 9%, below 25%. Of all private dwellings, 4% were unoccupied on Census night, compared with 11% across Victoria.

Separate houses made up 88% of occupied homes, above the 73% statewide. Townhouses, terraces or semi-detached houses accounted for 10%, below Victoria's 14%, and flats or apartments for 3%. Taken together, these figures suggest a larger share of people in Mill Park living in detached houses than across the state, and a smaller share in apartment buildings.

Victoria, the same way: 73 houses, 12 flats, 29 rented.

Owning outright, mortgages and rent in Mill Park

In Mill Park, 39% of households owned their home outright, above the 32% across Victoria. Paying off a mortgage accounted for 36%, the same as the state, and renting for 23%, below Victoria's 29%. The median mortgage repayment was $1,748 a month, below the state's $1,859, and median household income was $1,735 a week, below Victoria's $1,759.

Median rent stood at $366 a week, below the $370 across Victoria. Of Mill Park's renting households, 76% rented from a landlord the ABS records as a real estate agent, above the state's 73%. The other renting households had state housing, community housing, a private person or another landlord as their landlord.

Taking the median weekly rent as a share of the median weekly income of all households in Mill Park, renters or not, this page arrives at 21%. The same calculation gives 21% for Victoria. The two medians come from the Census; the ratio between them does not, and it is not a figure for what renters spend.

Mill Park's residents and the five-year address question

At the 2021 Census, the suburb of Mill Park was home to 28,712 people. Their median age was 40 years, above the 38 across Victoria, which suggests an older resident population than the state's. Households averaged 2.7 people, above Victoria's 2.5.

Where people aged five and over had lived in 2016 was one question on the 2021 form. In Mill Park, 70% answered with the address they were living at in 2021, above the 54% across Victoria.