Suburb Profile: The Ultimate Guide to Mill Park
Where Is Mill Park?
Mill Park is located 18 km north of Melbourne’s CBD, which equates to around a 40-minute drive to the city or a public transport journey of just over an hour.
Mill Park boundaries are South Morang and Epping to the north, Plenty and the Blossom Park and Rivergum estates to the east, Bundoora and Thomastown to the south and Lalor to the west. The suburb falls into the City of Whittlesea council precinct and includes the traditional
Mill Park boundaries and the expanding neighbourhood of Mill Park Lakes, located to the Northeast.
Director at our Mill Park office, John Gioftsidis is an integral part of the Love&Co family, with years of experience and extensive knowledge regarding all things property and lifestyle in the Mill Park area. We sat down with John for further insight into the suburb.
Is Mill Park a Good Investment?
Absolutely, capital growth in particular has been very healthy over the last 5 years.
Why should the following demographics consider Mill Park?
Young Families
An abundance of terrific Primary School options… St Francis of Assissi, Plenty Parklands, Mill Park Heights, Mill Park Primary and Findon Primary are all well renown.
First Home Buyers
Terrific bang for buck, easy access to shopping and dining at Westfield Plenty Valley, commute to CBD via 86 tram on Plenty Road or South Morang Railway Station and easy access to M80 Ring Road.
Buyers looking to expand their investment portfolio:
Yield is terrific for units, townhouses, capital growth strong with houses.
Why should I rent in Mill Park?
As stated above, great value for money and easy access to many amenities.
Do you have any recommendations for cafes, restaurants and attractions in the Mill Park area?
Café Spuntino (café) at Rivergum Village, Against The Grind (cafe) at Masons Point, Two Brown Sugars (café) at The Stables. We’ve got an amazing network of many local businesses that we’ve worked alongside for over 3 decades!
Who Lives In Mill Park?
At the time of the 2016 Census, Mill Park had a population of 29,710, which is made up of a broad mix of different ages and ethnicities. The median age was 37 years old, with the average age bracket of residents falling between 40-59 years old. The most common types of households are primarily couples with families. The elderly age bracket is the least represented in Mill Park, with only 9.3% of households made up of elderly residents.
The most common occupations for Mill Park residents include Professionals at 17.2%, Clerical and Administrative Workers at 15.7%, Technicians and Trades Workers at 15.2%, Sales Workers at 11.9%, and Community and Personal Service Workers at 11.1%.
Mill Park Living
Mill Park is a great suburb for someone looking to settle down away from the hustle of the city – but not too far away. It’s a great location to make the most of what the northern suburbs have to offer, while still having access to the CBD. We’ve collated a guide to some important amenities and features within Mill Park and immediately surrounding suburbs.
Local Schools
Mill Park offers a number of private and state Primary Schools, as well as a state secondary school and a technical college within its borders.
Secondary:
Mill Park Secondary College, Marymede Catholic College, St Monica’s College – Epping, Loyola College, Viewbank College, Parade College
Primary:
St Francis of Assisi, Plenty Parklands Primary School, Findon Primary School, Mill Park Heights Primary School, Mill Park Primary School
Local Daycare Centres
Good Start Early Learning, choose from two Mill Park locations:
Local Healthcare
Mill Park and surrounding areas have a number of healthcare facilities, giving you and your family the security and peace of mind. Find a variety of local bulk billed GPs, dentists, specialists and more.
GP’s in Mill Park include: Mill Park Medical Centre, Mill Park Family Practice, Child’s Road Medical Clinic
Find a list of dental practitioners in and around the suburb here.
Mill Park is just over 6km from Epping’s Northern Hospital and an average of 30 minutes from other major hospitals in Melbourne.
Local Sporting Clubs
This suburb also has many sporting venues, including the Mill Park Soccer Club and the Mill Park Football Club. The Northern District Softball Association is based in Mill Park Reserve on Morang Drive, and the suburb is regarded as the northern suburbs’ home of softball, with some local players advancing to state and national level.
Local Shops
There are also plenty of options for shopping in Mill Park, with two shopping centres and a shopping strip offering a range of retail options and restaurants. Most noteworthy, recently expanded Westfield Plenty Valley is budding with a range of shopping, entertainment and dining options for the entire family.
Local Parks
There are 29 parks listed within the boundaries by the City of Whittlesea’s council, including five recreational reserves.
Public Transport
You’ll find a variety of public transport options will take you from Mill Park to virtually anywhere in Victoria. Buses, trains and trams are all easily accessible from Mill Park, South Morang or Bundoora. Use these resources to plan your public transport journey:
Whittlesea Public Transport Guide
Mill Park Homes
In 2015 there were 8,700 residential dwellings in Mill Park but with residential development the number is expected to increase to 9,400 dwellings by 2036.
There are many different types of houses to choose from, but the most common type of house is separate, with 83.7% of private dwellings being a traditional house. A further 15.1% are semi-detached, row or terrace houses, or townhouses. Only 1.2% are apartments. The average number of bedrooms is 3, which suits the family living situation that is most commonly found in this suburb.
The split between owned and rented properties is heavily in favour of owners, with only 21% of properties being rented. 37% of the owned properties are owned outright, with 39% still having a mortgage.
Mill Park Property Prices
The median property prices are around $655,000 for a house and $444,700 for a unit. The median mortgage repayments for owners are $1,600 per month, with rent averaging between $331 to $380 per week for a house, and around $360 per week for a unit. That means that houses have an average annual rental yield of 3.0% and units, 4.2%. Over the last five years, Mill Park has shown a compound growth rate of 8.8% for houses and 6.1% for units.
With a comfortable atmosphere and plenty of reasons to get outdoors, Mill Park is ideal for families and people in search of a relaxed suburb with all the basic necessities for daily living. If you’re interested in buying, selling, or renting in Mill Park, why not talk to the local experts at Love&Co who can help you find the best property in the right location for you.
Still wanting to research other suburbs in Melbourne’s north? Read all about Reservoir.