Mill Park

Mill Park is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

As of Feb 2026, the estimated population of the suburb of Mill Park is around 29,528. This represents an increase of 816 people since the 2021 Census, which reported a population of 28,712. The latest estimate by AreaSearch, based on ERP data released by the ABS in June 2024 and additional validated new addresses, is 29,135 residents. This results in a population density of approximately 2,255 persons per square kilometer. Overseas migration contributed around 74% to recent population growth in the suburb.

AreaSearch uses ABS/Geoscience Australia projections for SA2 areas released in 2024 with a base year of 2022. For areas not covered by this data, VIC State Government's Regional/LGA projections from 2023 are used with adjustments made employing weighted aggregation methods. Population growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the suburb is forecasted to increase its population by 7,501 persons, reflecting a total increase of approximately 24.1%.

AreaSearch assessment of residential development drivers sees a low level of activity in Mill Park, placing the area among the bottom 25% of areas assessed nationally

Based on AreaSearch analysis using ABS building approval numbers derived from statistical area data, Mill Park has received approximately 42 dwelling approvals per year over the past five financial years ending June 30, totalling an estimated 211 homes. As of FY-26, which began July 1, 2025 and ends June 30, 2026, 14 approvals have been recorded. Despite a declining population in recent years, development activity has been adequate relative to other areas, benefiting home buyers. The average expected construction cost of new homes is $619,000, indicating a focus on the premium segment with upmarket properties.

In FY-26, commercial development approvals have reached $15.7 million, demonstrating moderate levels of commercial activity. Compared to Greater Melbourne, Mill Park has significantly lower building activity, at 90.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes, although building activity has accelerated in recent years. The area's established nature is also reflected by its level of building activity being below the national average, potentially indicating planning limitations. New building activity comprises 34.0% standalone homes and 66.0% medium to high-density housing, creating more affordable entry points for downsizers, investors, and first-home buyers. This shift from the area's existing housing stock (currently 88.0% houses) suggests decreasing availability of developable sites and reflects changing lifestyles and demand for diverse, affordable housing options. With around 417 people per dwelling approval, Mill Park shows a developed market.

According to AreaSearch's latest quarterly estimate, the area is projected to add approximately 7,108 residents by 2041. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Mill Park has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 19 projects that may impact the region. Notable initiatives include The Stables Kindergarten Redevelopment, The Gorge Townhomes, Mill Park Place Framework, and Peter Hopper Lake Revitalisation. Below is a list of projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment landscape in Mill Park shows performance that lags behind national averages across key labour market indicators

Mill Park has a skilled workforce with prominent representation in essential services sectors. Its unemployment rate was 4.6% as of December 2025, with an estimated employment growth of 0.7% over the past year, according to AreaSearch's statistical area data aggregation. In December 2025, 16,124 residents were employed, an unemployment rate of 0.2% lower than Greater Melbourne's 4.8%, and workforce participation was at 67.9%.

A moderate 22.6% of residents worked from home, potentially influenced by Covid-19 lockdowns. Key industries for employment among residents are health care & social assistance, retail trade, and construction, while professional & technical services showed lower representation at 6.5%, compared to the regional average of 10.1%. The area offers limited local employment opportunities, as indicated by the Census working population count versus resident population.

Between December 2024 and December 2025, employment levels increased by 0.7% and labour force grew by 1.2%, causing the unemployment rate to rise by 0.4 percentage points. In contrast, Greater Melbourne saw employment rise by 2.4%, labour force grow by 2.8%, and unemployment increase by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% expansion over five years and 13.7% over ten years, with varying growth rates across industry sectors. Applying these projections to Mill Park's employment mix suggests local employment should increase by 6.4% over five years and 13.3% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

The area's income profile falls below national averages based on AreaSearch analysis

According to AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023, Mill Park suburb had median income among taxpayers at $51,001 and average income at $59,974. These figures are below national averages of $68,267 and $97,621 respectively. Comparing with Greater Melbourne levels of $57,688 (median) and $75,164 (average), Mill Park's incomes are lower. Based on Wage Price Index growth of 8.25% since June 2023 to September 2025, estimated median income is approximately $55,209 and average income is $64,922 as of September 2025. According to Australian Bureau of Statistics Census data for 2021, Mill Park's household income ranks at the 49th percentile ($1,735 weekly), while personal income sits at the 31st percentile. Income analysis shows largest segment comprises 34.6% earning $1,500 - $2,999 weekly (10,216 residents). This pattern is similar to broader area where 32.8% occupy this range. After housing expenses, 86.5% of income remains for other expenses. Mill Park's SEIFA income ranking places it in the fifth decile.

Mill Park is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Mill Park's dwelling structure, as per the latest Census, consisted of 87.7% houses and 12.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Mill Park was at 39.8%, with mortgaged dwellings at 36.9% and rented ones at 23.3%. The median monthly mortgage repayment was $1,748, lower than Melbourne metro's average of $2,000. The median weekly rent in Mill Park was $366, compared to Melbourne metro's $390. Nationally, Mill Park's mortgage repayments were below the Australian average of $1,863, and rents were less than the national figure of $375.

Mill Park features high concentrations of family households, with a higher-than-average median household size

Family households constitute 78.6% of all households, including 39.7% couples with children, 25.1% couples without children, and 12.7% single parent families. Non-family households comprise the remaining 21.4%, with lone person households at 18.8% and group households comprising 2.6%. The median household size is 2.7 people, larger than the Greater Melbourne average of 2.6.

Mill Park performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate is 26.2%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 17.5%, followed by postgraduate qualifications (6.3%) and graduate diplomas (2.4%). Vocational credentials are prevalent, with 31.3% of residents aged 15+ holding them, including advanced diplomas (11.4%) and certificates (19.9%). Educational participation is high, with 26.9% of residents currently enrolled in formal education: 8.1% in primary, 7.1% in secondary, and 5.9% in tertiary education.

Educational participation is notably high, with 26.9% of residents currently enrolled in formal education. This includes 8.1% in primary education, 7.1% in secondary education, and 5.9% pursuing tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Mill Park has 153 active public transport stops serving a mix of bus routes. These are operated by 13 individual routes, collectively facilitating 7,376 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically located 186 meters from the nearest stop. Most residents commute outward due to its residential nature, with cars being the dominant mode at 91%. Vehicle ownership averages 1.6 per dwelling, higher than the regional average. According to the 2021 Census, 22.6% of residents work from home, which may reflect COVID-19 conditions.

Service frequency averages 1,053 trips per day across all routes, equating to approximately 48 weekly trips per individual stop. The map accompanying the analysis shows the 100 nearest stops to the location's centrepoint.

Mill Park's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Health data indicates relatively positive outcomes for Mill Park residents. AreaSearch's analysis shows mortality rates and health conditions are broadly in line with national benchmarks. The prevalence of common health conditions is quite low among the general population, but higher than the national average across older, at-risk cohorts.

Approximately 51% of the total population (~14,938 people) has private health cover, compared to Greater Melbourne's 56.7% and the national average of 55.7%. The most common medical conditions are arthritis (7.6%) and mental health issues (7.1%), with 70.9% declaring themselves completely clear of medical ailments, compared to Greater Melbourne's 72.6%. The under-65 population demonstrates better than average health outcomes. The area has 20.3% of residents aged 65 and over (5,994 people), higher than Greater Melbourne's 15.1%, but ranking lower nationally than the broader population.

Mill Park is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Mill Park has a high level of cultural diversity, with 37.4% of its population born overseas and 43.7% speaking a language other than English at home. The majority religion in Mill Park is Christianity, which accounts for 59.8% of the population, compared to 43.0% across Greater Melbourne. The top three ancestry groups in Mill Park are Australian (15.4%), Other (14.2%), and English (13.5%), with notable differences from regional averages: Macedonian is overrepresented at 6.0% (regional average 0.7%), Italian at 12.9% (regional average 5.2%), and Greek at 6.6% (regional average 2.7%).

In terms of ancestry (country of birth of parents), the top three represented groups in Mill Park are Australian, comprising 15.4% of the population, Other, comprising 14.2% of the population, and English, comprising 13.5% of the population, which is notably lower than the regional average of 20.1%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Macedonian is notably overrepresented at 6.0% of Mill Park (vs 0.7% regionally), Italian at 12.9% (vs 5.2%) and Greek at 6.6% (vs 2.7%).

Mill Park's population is slightly older than the national pattern

Mill Park has a median age of 40, which is slightly higher than Greater Melbourne's figure of 37 and Australia's figure of 38 years. Compared to the Greater Melbourne average, Mill Park has an over-representation of the 55-64 cohort (14.8% locally) and an under-representation of the 25-34 year-olds (13.5%). Between 2021 and present, the 65-74 age group has increased from 10.3% to 12.4%, while the 75-84 cohort has grown from 4.2% to 6.0%. Conversely, the 45-54 cohort has declined from 13.1% to 11.5%. By 2041, demographic modeling suggests Mill Park's age profile will change significantly. The 75-84 age cohort is projected to grow by 98%, adding 1,737 people from 1,771 to 3,509. Notably, the combined 65+ age groups are expected to account for 54% of total population growth. The 0-4 age group shows more modest growth at 5%, adding only 64 residents.