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3082 · VIC

Mill Park

Data updated Q4 2025 · 198 bond lodgements/qtr

HouseUnit
Median rent$600/wk$390/wk
1yr change 11.1%(was $540/wk) 11.1%(was $351/wk)
3yr change 35.1%(was $444/wk) 39.3%(was $280/wk)
Vacancy rate2%moderate
Bond lodgements198 per quarter

Vacancy rate context

A healthy rental market sits around 3% vacancy. At 2%, Mill Park has moderate availability. Tenants have some choice, though the market still slightly favours landlords.

Other suburbs in VIC

Fitzroy$850/wk 10.4%
Richmond$900/wk 10.4%
St Kilda$950/wk 10.5%
South Yarra$1050/wk 11.1%
Brunswick$780/wk 11.4%
Carlton$850/wk 11.1%

Median rents are calculated from rental bond lodgements submitted to state government authorities (NSW Fair Trading, RTBA VIC, RTA QLD, CBS SA, DMIRS WA). Data is updated quarterly and represents the median weekly rent for new tenancies.

$/wk
Median rent in Mill Park (2-bed unit): $332/wkQ4 2025 · 198 bonds