Mill Park - South

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

Mill Park - South's population was approximately 11,605 as of November 2025. This figure represents an increase from the 2021 Census count of 11,240 people, a rise of 365 individuals (3.2%). The change is inferred from ABS estimates: the population was 11,322 in June 2024 and there were 111 validated new addresses since the Census date. This results in a density ratio of 2,354 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch assessments. Overseas migration contributed approximately 69.4% of overall population growth recently.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, the area is forecasted to grow by 3,038 persons based on latest annual ERP population numbers, reflecting a total increase of 23.7% over 17 years.

Residential development activity is lower than average in Mill Park - South according to AreaSearch's national comparison of local real estate markets

Mill Park - South has recorded approximately 29 residential properties granted approval per year over the past five financial years, totalling 146 homes. As of FY-2025/26, 5 approvals have been recorded. The population decline in recent years suggests that new supply has likely kept pace with demand, offering good choice to buyers. New homes are being built at an average construction cost value of $338,000.

This financial year, $1.0 million in commercial approvals have been registered, indicating the area's residential nature. Compared to Greater Melbourne, Mill Park - South records significantly lower building activity, 82.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing dwellings, although development activity has increased recently. This is also lower than nationally, reflecting market maturity and possible development constraints. New development consists of 15.0% detached houses and 85.0% medium and high-density housing, representing a shift from the area's current housing mix of 90.0% houses. This trend may indicate decreasing availability of developable sites and changing lifestyles requiring more diverse, affordable housing options. With approximately 993 people per approval, Mill Park - South shows a mature, established area.

According to AreaSearch quarterly estimates, the population is forecasted to gain 2,755 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Mill Park - South has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified ten projects likely impacting the area. Notable ones are Mill Park Place Framework, Tram Route 86 Extension, The Stables Kindergarten Redevelopment, and Peter Hopper Lake Revitalisation. Below is a list detailing 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.

Mill Park - South shows employment indicators that trail behind approximately 70% of regions assessed across Australia

Mill Park - South has a skilled workforce with essential services sectors well represented. Its unemployment rate is 4.8%.

Employment stability has been relative over the past year. As of September 2025, 5982 residents are employed while the unemployment rate is 0.2% higher than Greater Melbourne's rate of 4.7%. Workforce participation is somewhat lower at 60.5%, compared to Greater Melbourne's 64.1%.

Key industries of employment among residents are health care & social assistance, construction, and retail trade. Professional & technical services have limited presence with 6.6% employment compared to the regional average of 10.1%. The area appears to offer limited local employment opportunities. Over a 12-month period ending in September 2025, employment increased by 0.3% while labour force decreased by 0.0%, causing the unemployment rate to fall by 0.3 percentage points. In comparison, Greater Melbourne recorded employment growth of 3.0%, labour force growth of 3.3%, and a rise in unemployment of 0.3 percentage points. State-level data from 25-Nov-25 shows Victoria's employment grew by 1.13% year-on-year, adding 41950 jobs, with the state unemployment rate at 4.7%. National 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 - South's employment mix indicates local employment should increase by 6.4% over five years and 13.4% over ten years, though this is a simple extrapolation for illustrative purposes only and does not account for localised population projections.

Income levels sit below national averages according to AreaSearch assessment

Mill Park - South SA2 had a median taxpayer income of $49,176 and an average income of $57,834 in financial year 2022. These figures are lower than the national averages of $54,892 and $73,761 for Greater Melbourne respectively. By September 2025, estimated median and average incomes would be approximately $55,156 and $64,867 respectively, based on a 12.16% growth in the Wage Price Index since financial year 2022. According to 2021 Census figures, household income ranks at the 44th percentile ($1,647 weekly) and personal income at the 26th percentile. The predominant income cohort spans 35.0% of locals (4,061 people), falling within the $1,500 - 2,999 category, which is consistent with broader trends across the surrounding region showing 32.8% in the same category. After housing costs, 85.9% of income remains for other expenses. The area's SEIFA income ranking places it in the 4th decile.

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

Mill Park - South's dwelling structures, as per the latest Census, consisted of 89.8% houses and 10.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 87.2% houses and 12.8% other dwellings. Home ownership in Mill Park - South stood at 40.0%, with mortgaged dwellings at 35.8% and rented ones at 24.2%. The median monthly mortgage repayment was $1,733, lower than Melbourne metro's average of $1,900. The median weekly rent figure in Mill Park - South was $369, compared to Melbourne metro's $371. Nationally, Mill Park - South had lower mortgage repayments ($1,733 vs $1,863) and rents ($369 vs $375).

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

Family households account for 78.0% of all households, including 37.9% couples with children, 25.2% couples without children, and 13.4% single parent families. Non-family households constitute the remaining 22.0%, with lone person households at 19.1% and group households comprising 2.7%. The median household size is 2.7 people, which is smaller than the Greater Melbourne average of 2.9.

Educational attainment in Mill Park - South aligns closely with national averages, showing typical qualification patterns and performance metrics

The area's university qualification rate is 26.3%, significantly lower than Greater Melbourne's average of 37.0%. Bachelor degrees are the most common at 17.7%, followed by postgraduate qualifications (6.2%) and graduate diplomas (2.4%). Vocational credentials are prevalent, with 31.5% of residents aged 15+ holding them, including advanced diplomas (11.3%) and certificates (20.2%). Educational participation is high, with 26.6% currently enrolled in formal education: 8.5% in primary, 6.6% in secondary, and 6.0% in tertiary education.

Educational participation is notably high, with 26.6% of residents currently enrolled in formal education. This includes 8.5% in primary education, 6.6% in secondary education, and 6.0% pursuing tertiary education.

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

Mill Park - South has 45 active public transport stops, all of which are bus stops. These stops are served by 8 different routes that together facilitate 6,308 weekly passenger trips. The area's transport accessibility is rated as good, with residents on average located 204 meters from the nearest stop.

Across all routes, service frequency averages 901 trips per day, equating to approximately 140 weekly trips per individual stop.

Mill Park - South's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low across both younger and older age cohorts

Health data for Mill Park - South shows a relatively low prevalence of common health conditions across both younger and older age groups. Approximately 49% (~5,674 people) have private health cover, which is lower than the national average of 55.3%.

The most prevalent medical conditions are arthritis (7.7%) and asthma (7.0%). Around 70.9% of residents report being completely clear of medical ailments, compared to 74.0% in Greater Melbourne. In Mill Park - South, 19.9% (~2,305 people) are aged 65 and over, higher than the 13.2% in Greater Melbourne. Health outcomes among seniors are above average, broadly aligning with the general population's health profile.

Mill Park - South 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-South has a high cultural diversity, with 38.5% of its population born overseas and 43.3% speaking a language other than English at home. Christianity is the dominant religion in Mill Park-South, comprising 56.0% of its population. Islam is overrepresented compared to Greater Melbourne, making up 6.2% of the population versus 9.1%.

The top three ancestry groups are Australian (15.5%), Other (15.1%), and English (14.7%). Notably, Macedonian (4.5%) and Greek (6.6%) groups are overrepresented compared to regional averages of 4.6% and 4.1%, respectively. Italian group is also notably represented at 10.7%.

Mill Park - South's population aligns closely with national norms in age terms

The median age in Mill Park - South is 39 years, slightly higher than Greater Melbourne's average of 37 years, which is close to the national average of 38 years. Compared to Greater Melbourne, Mill Park - South has a notably higher proportion of people aged 65-74 (12.4% locally) and a lower proportion of those aged 15-24 (11.1%). According to post-2021 Census data, the percentage of people aged 65-74 increased from 10.8% to 12.4%, while those aged 75-84 rose from 4.5% to 5.9%. Conversely, the proportion of people aged 55-64 decreased from 15.5% to 14.0%, and those aged 45-54 dropped from 12.1% to 10.8%. Population forecasts for 2041 indicate significant demographic changes in Mill Park - South, with the 75-84 age group expected to grow by 108% (adding 743 people), reaching 1,433 from 689. This growth is largely driven by residents aged 65 and older, who will represent 56% of anticipated population growth. The 0-4 age group will experience more modest growth, increasing by 5% with an addition of 32 residents.