Is Mill Park a good investment?

Is Mill Park a good investment?

If you are looking for an investment property, consider houses in Mill Park rent out for $400 PW with an annual rental yield of 3.0% and units rent for $360 PW with a rental yield of 3.9%. Based on five years of sales, Mill Park has seen a compound growth rate of 11.7% for houses and 6.8% for units.

Why is Mill Park called Mill Park?

Mill Park takes its name from the property of George and Francis Coulstock who built and operated a flour mill on the Plenty River in the 1840s. In 2015, it is estimated 24,700 people live in Mill Park with an expected increase of 4 per cent by 2036 to 25,700.

Is Mill Park a good area?

Mill Park is a great suburb for someone looking to settle down away from the hustle of the city – but not too far away. It’s a great location to make the most of what the northern suburbs have to offer, while still having access to the CBD.

Is Mill Park VIC a good suburb?

“One of the best suburbs in the North -East” Mill park is one of the best suburban areas located North east of Melbourne that is still affordable. It is a very family oriented suburb. A leafy area, one beautiful in nature. Being woken by the sound of birds chirping & Seeing a lot of native birds & plenty of cockatoos.

Is Mill Park a northern suburb?

Mill Park serves as the northern suburbs home of softball. Northern District Softball Association is based in Mill Park Reserve on Morang Drive and is the only softball association in the area, the next closest being Fawkner Park based Melbourne Softball Association.

Is bundoora a good suburb?

Bundoora SUBURB GUIDE A bustling suburb full of students and families. Bundoora has an average violent crime rate and an above average property crime rate for Melbourne.

How far is Mill Park from the city?

Mill Park is a suburb of Melbourne, Victoria, Australia, 18 km north-east of Melbourne’s central business district.

What electorate is Mill Park in?

The electoral district of Mill Park is an electoral district of the Victorian Legislative Assembly….Electoral district of Mill Park.

Is Epping safe?

They’re eminently safe-feeling and family-friendly as a result. Combine this with its wide, grass-lined streets, vet services, and large properties, and Epping makes for one of the most pet-friendly suburbs in Sydney within reasonable proximity to major urban centres.

Is Doreen a good suburb?

Doreen is beautiful and peaceful suburb to live. It’s friendly atmosphere and nice walk paths. Close to all amenities, improved roads, new train line, schools, bunnings, shops.

Is Reservoir a good suburb investment?

Bound by Merri Creek in the west and Darebin Creek in the east, Reservoir is a fast gentrifying suburb in popular demand. It has significant residential and industrial areas accompanied by a commercial focus around the railway station and along Broadway shopping centre.

Is Bundoora dodgy?

Bundoora has an average violent crime rate and an above average property crime rate for Melbourne.

Where is Mill Park in Melbourne?

Mill Park is a suburb of Melbourne, Victoria, Australia, 18 km north-east of Melbourne’s central business district. Its local government area is the City of Whittlesea. At the 2016 Census, Mill Park had a population of 29,710.

Is Mill Park a good place to live?

As a Sales Associate in Mill Park, I’ve helped many people buy and sell in the area, therefore can confidently say its great place to live with an annual growth of 7% and average sale price of $570,000 for common houses. (April 2017) Surrounded by parkland and wildlife.

What is Mill Park Drive in Dublin famous for?

The street “Mill Park Drive” is a large oval ring, which was once a horse racing track. Many of the streets pay homage to past race horses, such as Phar Lap, Carbine, Eaglet, Whernside, Studley and Redleap.

When will the Mill Park Leisure Centre reopen?

In 2019, the Mill Park Leisure Centre is undergoing a major $25 million renovation and will re-open in 2020. Mill Park Football Club, an Australian rules football team, competes in the Northern Football League and are based at Redleap Reserve behind the Stables Shopping Centre.