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 November 2025, the estimated population of the Mill Park statistical area (Lv2) is around 29,528, reflecting a 2.8% increase since the 2021 Census, which reported a population of 28,712. This change is inferred from AreaSearch's resident population estimate of 29,135 as of June 2024, based on examination of the latest ERP data release by the ABS and an additional 132 validated new addresses since the Census date. This results in a population density ratio of 2,255 persons per square kilometer, above the national average assessed by AreaSearch. Overseas migration contributed approximately 74.0% of overall population gains during recent periods. AreaSearch projections for the Mill Park (SA2) area are based on ABS/Geoscience Australia projections released in 2024 with a base year of 2022, and VIC State Government's Regional/LGA projections released in 2023 adjusted using weighted aggregation methods for areas not covered by ABS data.

A significant population increase is forecast for the Mill Park (SA2) area, with an expected growth of 7,492 persons to 2041, reflecting a total increase of 24.0% over the 17-year period.

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 of ABS building approval numbers in Mill Park, approximately 42 dwelling approvals were recorded annually over the past five financial years ending June 30, totalling an estimated 211 homes. As of July 26, 2026, 13 approvals have been recorded in the current financial year. Despite population decline in recent years, development activity has been relatively adequate, benefiting buyers while new homes are being constructed at an average expected cost of $619,000, indicating a focus on premium properties. In this financial year ending June 2026, commercial development approvals have reached $15.7 million, demonstrating moderate levels of commercial development.

Compared to Greater Melbourne, Mill Park's building activity is significantly lower, at approximately 90.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes, although building activity has increased in recent years. When measured against the national average, Mill Park's level of building activity is also lower, suggesting an established area with potential planning limitations. Recent development trends show 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 represents a notable departure from the area's existing housing composition of 88.0% houses, indicating decreasing availability of developable sites and reflecting changing lifestyles and demand for diverse, affordable housing options. With approximately 417 people per dwelling approval, Mill Park exhibits characteristics of a developed market. According to AreaSearch's latest quarterly estimate, the area is projected to add around 7,092 residents by 2041.

If current construction levels persist, housing supply may lag 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 could impact this region. Notable projects include The Stables Kindergarten Redevelopment, The Gorge Townhomes, Mill Park Place Framework, and Peter Hopper Lake Revitalisation. Below is a list of those 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 essential services sectors well represented. The unemployment rate is 4.2%.

Employment stability has been relatively consistent over the past year. As of September 2025, there are 16,040 residents employed, with an unemployment rate of 4.7%, 0.5% lower than Greater Melbourne's rate. Workforce participation is similar to Greater Melbourne's at 64.1%.

Key industries include health care & social assistance, retail trade, and construction. Professional & technical services show lower representation at 6.5% compared to the regional average of 10.1%. Limited local employment opportunities are indicated by Census data comparing working population to resident population. Between September 2024 and September 2025, employment levels increased by 0.4%, labour force grew by 0.1%, causing unemployment rate to fall by 0.3 percentage points in Mill Park, contrasting with Greater Melbourne's figures. State-level data from 25-Nov shows Victoria's employment growth was 1.13% year-on-year, with an unemployment rate of 4.7%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Mill Park's employment mix suggests local employment should increase by approximately 6.4% over five years and 13.3% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

According to AreaSearch's aggregation of ATO data released for financial year 2023, Mill Park had a median income among taxpayers of $51,001. The average income was $59,974. Both figures are below the national average. In Greater Melbourne, the median and average incomes were $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Mill Park would be approximately $55,209 (median) and $64,922 (average) as of September 2025. According to the 2021 Census, household income ranks at the 49th percentile ($1,735 weekly), while personal income sits at the 31st percentile. Income analysis shows that 34.6% of residents earn between $1,500 and $2,999 weekly (10,216 residents). This is similar to the broader area where 32.8% fall within this range. After housing expenses, 86.5% of income remains for other expenses. The area's SEIFA income ranking places it in the 5th decile.

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

Mill Park's latest Census data shows 87.7% houses and 12.3% other dwellings, compared to Melbourne metro's 87.2% houses and 12.8% other dwellings. Home ownership in Mill Park is 39.8%, with mortgaged dwellings at 36.9% and rented ones at 23.3%. The median monthly mortgage repayment in Mill Park is $1,748, lower than Melbourne metro's $1,900 and the Australian average of $1,863. Median weekly rent in Mill Park is $366, lower than Melbourne metro's $371 and the national figure of $375.

Mill Park features high concentrations of family households, with a lower-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 account for 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, which is smaller than the Greater Melbourne average of 2.9.

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%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 17.5%, followed by postgraduate qualifications (6.3%) and graduate diplomas (2.4%). Vocational credentials are also prevalent, with 31.3% of residents aged 15+ holding them – advanced diplomas at 11.4% and certificates at 19.9%.

Educational participation is 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 train and bus services. These stops are covered by 13 routes that collectively facilitate 7,376 weekly passenger trips. Transport accessibility is rated excellent, with residents on average located 186 meters from the nearest stop.

Service frequency averages 1,053 trips per day across all routes, translating to approximately 48 weekly trips per individual stop.

Mill Park's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts

Health data shows that Mill Park residents have relatively positive health outcomes with common conditions seen across both young and old age groups. Approximately 51% (~14,938 people) of residents have private health cover, lower than the national average of 55.7%.

The most prevalent medical conditions are arthritis and mental health issues, affecting 7.6% and 7.1% of residents respectively. 70.9% of residents report no medical ailments, compared to 74.0% in Greater Melbourne. There are 19.1% (5,639 people) of residents aged 65 and over, higher than the 13.2% in Greater Melbourne. This is broadly consistent with general population health profiles.

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's cultural diversity is notable, with 37.4% of its population born overseas and 43.7% speaking a language other than English at home. Christianity is the predominant religion in Mill Park, accounting for 59.8% of people, compared to 49.8% across Greater Melbourne. The top three ancestry groups are Australian (15.4%), Other (14.2%), and English (13.5%).

Notably, Macedonian (6.0%) is overrepresented in Mill Park compared to the regional average of 4.6%. Similarly, Italian (12.9% vs 9.6%) and Greek (6.6% vs 4.1%) groups are also overrepresented.

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 average of 38 years. Compared to the Greater Melbourne average, Mill Park has an over-representation of the 55-64 age cohort (15.0% locally) and an under-representation of the 25-34 age group (13.9%). Between 2021 and the present, the 65 to 74 age group grew from 10.3% to 11.8%, while the 75 to 84 cohort increased from 4.2% to 5.5%. Conversely, the 45 to 54 age group declined from 13.1% to 11.6%. By 2041, Mill Park's age profile is projected to change significantly. The 75 to 84 age cohort is expected to surge by 1,859 people (115%), from 1,624 to 3,484. Notably, the combined 65+ age groups will account for 58% of total population growth, reflecting Mill Park's aging demographic profile. The 0 to 4 age group is projected to grow by 2%, adding only 31 residents.