Question 1

Is Millgrove a nice place to live?

Accepted Answer

Millgrove feels like a small Yarra Valley village beside the Yarra River, with the Warburton Trail running through town and a compact shopping strip and community facilities at its heart. Housing is mostly timber cottages and low-density homes on larger, leafy blocks, attracting people after an outdoors-focused lifestyle — walking, cycling and river activities are easy to access — and it suits a range of residents from families to retirees. For broader services and connections locals look to nearby Warburton and the outer eastern suburbs.

The population is 1,666 with a median age of 40, and the community leans heavily towards couple families (37.4% with children and 32.6% without), while one-parent families are 28.3%. Most homes are owner-occupied (35.0% owned outright and 49.0% with a mortgage, about 84.0% in total) and renters are 16.0%. Yarra Ranges Council is working on local road and playspace projects — including consideration of sealing unsealed sections of Cavanagh Road and Moore Crescent, local road upgrades, playspace renewal and an accessible playground — alongside earlier funding for drainage and sealing near Millwarra Primary School that services the sporting reserve and preschool. Whether Millgrove suits you comes down to whether you value that village, outdoors-focused way of life.

Question 2

Is it expensive to live in Millgrove?

Accepted Answer

Millgrove hasn't had enough recent sales or rentals to put reliable figures on what homes cost to buy or rent. Without those price and rent figures, and with only the Census household income available, it isn't possible to describe how expensive it is to live in Millgrove compared with local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Millgrove a good place to invest?

Accepted Answer

House values in Millgrove rose 4.1% over the past 12 months, a modest increase in what a house here is worth. For someone considering Millgrove as an investment, that movement represents the capital growth side of the equation; whether that aligns with your goals and circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	4.1%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	34	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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