Yarra Ranges Shire
Millgrove Property Market
& Suburb Profile
MEDIAN PRICES IN MILLGROVE
Median house price
(all agencies, last 12 months)$610k*House price change
(all agencies, last 12 months)+2.95%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
MILLGROVE price TRACKER
Millgrove sales overview
- Sold by Private Sale or Other Method 100%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)43Average held period in Millgrove
(proptrack)5 yearsMillgrove Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$565pwHouse rental price change
(all agencies, last 12 months)0.05%Median rental price for Units
(all agencies, last 12 months)$509pwUnit rental price change
(all agencies, last 12 months)0.02%Average rental yield for Houses
(all agencies, last 12 months)4.73%Average rental yield for Units
(all agencies, last 12 months)4.12%Millgrove total population size
(as at the last census)1,666Median household size in Millgrove
(as at the last census)2.3(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
Millgrove property types
- Houses 67%
- Other 33%
OCCUPANCY in Millgrove
- Owned 82%
- Rented 16%
- Other/Not Stated 2%
- Singles 34%
- Families 63%
- Other 4%
About Millgrove
Education
Sales Comparison
Find out how Millgrove median sales prices compare to neighbouring suburbs.
Millgrove MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 47 | $305,000 | +2.94% |
| 2024 | 33 | $295,000 | +3.51% |
| 2023 | 40 | $285,000 | -5.00% |
| 2022 | 40 | $300,000 | +9.09% |
| 2021 | 55 | $275,000 | +27.91% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 6 | $537pw | 4.43% |
| 2024 | 8 | $515pw | 4.43% |
| 2023 | 11 | $473pw | 4.14% |
| 2022 | 5 | $432pw | 3.88% |
| 2021 | 12 | $386pw | 3.35% |
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.