Mill Park
The median rent for a 2-bedroom unit in Mill Park is $450 a week for leases that started in the year to September 2025, up 2.3% on a year earlier. That is 18% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $840,000 for a house and $562,000 for a unit. A year of rent for that home is about 3.9% of its median sale price (gross rental yield). The rent data covers Mill Park-Epping as one area, so these rent figures are shared by Epping, Mill Park.
Median rent in Mill Park
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $400 | +11.1% | 33 |
| 2-bedroom unit | $450 | +2.3% | 197 |
| 3-bedroom unit | $520 | +8.3% | 126 |
| 2-bedroom house | $480 | +4.3% | 116 |
| 3-bedroom house | $530 | +6.0% | 795 |
| 4-bedroom house | $600 | +3.4% | 421 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $840,000 | Mar 2026 quarter |
| Unit | $562,000 † | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Dandenong $450 a week
- Gladstone Park $450 a week
- Lalor $450 a week
- Pakenham $450 a week
- Sydenham $450 a week
- Thomastown $450 a week