ARE Property (Melbourne)
melbourne master-planned townhouse
the belmont collection, mill park
information
Mill Park, Melbourne
Mill Park is a suburb in Melbourne, Victoria, Australia, 18km north-east of Melbourne's central business district.
Mill Park is well connected to the rest of Melbourne via Plenty Road and Metropolitian Ring Road, providing easy access to surrounding area and also CBD. It is a great suburb for someone that looking to settle down away from the hustle of the city, but still not too far from city life.
Families in Mill Park have access to quality education, with several education institutions within in the suburb and nearby area, such as RMIT Bundoora campus and Mill Park Secondary School. Mill Park itself offers employment opportunities in retail, hospitality, healthcare and education sectors.
Market Trend
Median House Sales Price in Mill Park: $785,000
Median House Rental Rate in Mill Park: $480 per week
Strong capital growth: Over recent years, Mill Park has experienced steady growth in property values, making it an attractive prospect for investors seeking capital appreciation. Limited supply of residential land available for development and increasing demand in Mill Park housing market.
Source: realestate.com.au
Infrastructure Investment
Government infrastructure projects and urban development initiatives further enhance Mill Park's investment appeal, positioning it as a suburb poised for further economic growth and development.
Improved transport links, enhanced accessibility, and the development of health, education, and innovation precincts elevate Mill Park's appeal as a desirable place to live, work, and study.
1. Victoria's Big Build
As part of Victoria's ambitious infrastructure initiative, total of $80billion is being invested to improve the transport network.
Suburban Rail Loop
A 90km rail line linking every major train service from the Frankston Line to the Werribee Line via Melbourne Airport. New Bundoora Train Station will be benefit Mill Park residents by providing access to all of the Melbourne's suburb.
2. La Trobe national employment and innovation cluster
A State Government initiative designed to drive economic growth and innovation in Melbourne's northern region. This initiative will focus on 5 key precincts: Healthcare, Education, Research, Commercial and Industrial.
With its proximity to leading educational institutions like RMIT University Bundoora Campus and healthcare facilities like La Trobe Private Hospital and Northpark Private Hospital, Mill Park is poised to capitalize on the development of health and education precincts within the Latrobe Cluster. These initiatives attract students, academics, and healthcare professionals, fostering demand for housing and rental properties in the area.
Demographic
Total Population: At the time of the 2021 Census, Mill Park had a population of 28,712, with a median age of 40 years old.
Type of Household: Primary type of household in Mill Park is couple family with children, accounting for 45.5%
Occupation: The most common occupations for Mill Park residents include Professional at 19.7%, Clerical and Administrative Workers at 15.4%
Master Plan
Amenities
Central Park
Parcel Delivery Lockers
Car Wash and Dog Wash Area
Location
Located in Melbourne's key growth suburb in the north, The Belmont Collection enjoys a corner position in an established neighborhood, adjacent to Belmont Park.
Surrounded by great amenities and connectivity, there are shopping centres, sports facilities and healthcare, as well as schools and world-class amenities, all just a short walk or drive away.
Interiors
Recommended Units
TH90
3 Bed, 2 Bath, 2 Carpark
Internal Size: 162.60m² (1,750sqft)
External Size: 18.8m² (202sqft)
Total Area: 181.4m² (1,953sqft)
Price: $749,800
CLICK LINK FOR INFORMATION
Floor Plan
TH52
3 Bed, 2 Bath, 2 Carpark
Internal Size: 162.60m² (1,750sqft)
External Size: 11.3m² (122sqft)
Total Area: 173.9m² (1,872sqft)
Price: $769,800
CLICK LINK FOR INFORMATION
Floor Plan
Browse ARE Other Listings
Watch These Videos
Guide to Buying a Property in Australia - Misconception About Melbourne's Property Investment
Melb Property Market Update 2023 Q3 - What it means for foreign investors?
Melbourne Property Investments for Foreigners - FAQs "Melbourne Property Buying Costs"
Useful Links
interested? here's how to contact us
Whether you're just exploring the Australian property market or requiring more info on the property above, we can help.
Our team is more than happy to assist you with either questions about investment in Melbourne or Perth as a foreigner, financing options for foreigners, costs and income projections or finding a suitable home for your family. We encourage you to leave a message or contact us by clicking on the link below. One of our friendly staff will be in touch soon.