Buyers Agent Mill Park

Buying Investment Property in Mill Park

Mill Park is located 18 kilometres north-east of Melbourne’s central business district. It is part of the city of Whittlesea and borders various residential and commercial suburbs, including Epping, Blossom Park, Bundoora, Thomastown and Lalor. Residents of Mill Park might be living in suburbia, but they still get to enjoy a variety of large open areas. This includes Yellow Gum Park and Plenty Gorge Parklands, which offer barbecuing areas, hiking trails and mountain bike tracks.

Potential homeowners and renters are likely to find the array of amenities and services available in Mill Park quite appealing. There are educational institutions that cater to children throughout all age groups, including Plenty Parklands Primary School, Mill Park Secondary College and St. Francis of Assisi School. For higher education, students could choose to attend RMIT University Bundoora. It is located at the southern end of the suburb and has a FIFA approved soccer pitch. Healthcare is made simple as there are a few medical centres and specialist clinics in Mill Park, and Northpark Private Hospital and Northern Hospital Epping are less than 10 minutes drive away.

Residents of Mill Park can enjoy their homes and not have to travel far for their daily needs or recreational pursuits. For shopping there’s a choice between the expansive Westfield Plenty Valley shopping centre as well as the smaller Stables Shopping Centre and various speciality and chain stores. The suburb also has an off-leash dog park, tennis club, gym, football club, leisure centre and a dedicated BMX track.

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About the Mill Park Property Market

As a suburb, Mill Park experienced rapid growth in the number of residents from the 1980’s through to the 1990’s, with the population reaching a relatively stable level from the early 2000’s through to now. Among the current residents there’s a fairly even spread among age groups, with a good proportion around retirement age. This could create opportunity in future as these people look to downsize their property.

The average house price in Mill Park is still considered relatively affordable for the region but can vary depending on the location within the suburb and the size of the property. In any case, this affordability could be what attracts people to buy there, as most residents either own their home outright or with a mortgage. While more people are homeowners, there is also a significant proportion of renters. That is good news for investors looking for a viable rental property as it means that prospective tenants are interested in the area.

The majority of residential properties in Mill Park are houses with three or more bedrooms, with a limited number of semi-detached homes. Units or apartments make up an extremely small percentage of the structures available, which could create a competitive market in that property niche. The average block in Mill Park is around 600 m2, but there are those that exceed 1000m2. There are also a few empty lots of lands available with some being large enough to meet the requirements for subdivision.

Our Process

With Mill Park’s selection of schools, abundance of parks and recreational facilities, and close access to shopping centres it provides excellent incentives to young families, renters and first home buyers. This makes it a great opportunity for real estate investors looking to diversify their portfolio. Our professional and experienced buyers agents can help you identify these opportunities and take action to bring you one step closer towards realising your investing goal, after all, they’re the experts.

Some of the key parts of the property investment process is research, study and analysis. You need to know everything about the region and suburb, including the current buyer interest, planned developments, recent upgrades to infrastructure, crime rates and facilities. You also need to do an analysis of the market trends, and predict how the local property market and surrounding areas are expected to change moving forward. This is a complicated process if you’re not familiar with it, which is why partnering with us can be the best option. Reach out today to connect to a our Search Party Property buyers agent and find out what we can do for you.