Millgrove, VIC 3799
Compare Part of Yarra Ranges
60.96 km
Distance from Melbourne CBD
7 k
Population
Median Sale Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $229,500 | 0.0% | $98,000 | $450,000 | 44 |
| 2010 | $239,950 | +4.4% | $149,950 | $800,000 | 65 |
| 2011 | $250,000 | +4.0% | $300 | $620,000 | 27 |
| 2012 | $250,000 | 0.0% | $185,000 | $395,000 | 34 |
| 2013 | $244,950 | -2.1% | $198,000 | $934,218 | 48 |
| 2014 | $265,000 | +7.6% | $180,000 | $3,212,002 | 35 |
| 2015 | $280,000 | +5.4% | $166,000 | $690,000 | 46 |
| 2016 | $299,000 | +6.4% | $231,000 | $822,000 | 48 |
| 2017 | $338,000 | +11.5% | $225,000 | $1,200,000 | 40 |
| 2018 | $415,000 | +18.6% | $315,000 | $606,000 | 36 |
| 2019 | $420,000 | +1.2% | $300,000 | $640,000 | 38 |
| 2020 | $440,000 | +4.5% | $310,000 | $675,500 | 38 |
| 2021 | $570,000 | +22.8% | $400,000 | $955,000 | 40 |
| 2022 | $603,000 | +5.5% | $500,000 | $1,270,000 | 36 |
| 2023 | $550,000 | -9.6% | $490,000 | $880,000 | 29 |
| 2024 | $615,000 | +10.6% | $560,000 | $1,150,000 | 16 |
Median Sale Price
$595K
Based on 32 recorded sales within the last 12 months
Updated on 17 Jun 2024
Suburb Growth
+6.3%
Current Median Price: $595,000
Previous Median Price: $557,500
Based on 59 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2024)
Price Range Segments (12 months ending May 2024)
Median Weekly Rent Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $270 | 0.0% | $230 | $380 | 20 |
| 2012 | $260 | -3.8% | $230 | $400 | 18 |
| 2013 | $255 | -2.0% | $225 | $360 | 31 |
| 2014 | $275 | +7.3% | $235 | $310 | 15 |
| 2015 | $280 | +1.8% | $220 | $450 | 33 |
| 2016 | $300 | +6.7% | $245 | $360 | 21 |
| 2017 | $310 | +3.2% | $290 | $400 | 12 |
| 2018 | $330 | +6.1% | $280 | $440 | 16 |
| 2019 | $370 | +10.8% | $250 | $580 | 10 |
| 2020 | $375 | +1.3% | $315 | $480 | 11 |
| 2021 | $320 | -17.2% | $270 | $410 | 3 |
| 2022 | $420 | +23.8% | $240 | $425 | 4 |
| 2023 | $400 | -5.0% | $375 | $490 | 5 |
| 2024 | $530 | +24.5% | $500 | $550 | 3 |
Median Rent Price
$500
per week
Based on 6 recorded rent within the last 12 months
Updated on 17 Jun 2024
Rent Price Growth
+20.0%
Current Median Rent: $500
Previous Median Rent: $400
Based on 10 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.4%
Current Median Price: $595,000
Current Median rent: $500
Based on 38 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2024)
Schools closest to Millgrove, VIC 3799
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Wesburn Primary School | 2850 WARBURTON HIGHWAYWesburn 3799 | Primary | Government | 1.86 km |