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Millgrove suburb profile

Millgrove is a picturesque suburb nestled in Victoria's Yarra Valley, known for its serene natural beauty and close-knit community. Surrounded by lush forests and the Yarra River, it offers a tranquil escape from city life while still being accessible to Melbourne, located approximately 70km away. The suburb is popular with nature enthusiasts and those seeking a peaceful lifestyle, with ample opportunities for outdoor activities such as hiking, cycling, and fishing. Millgrove's charming village atmosphere, combined with its scenic landscapes, makes it an appealing destination for families and retirees looking for a relaxed rural setting.

Millgrove property market performance

Millgrove's property market has shown modest growth over the past 12 months, with house values increasing by 3.9%. However, the median house price remains at $0, indicating a lack of available data or transactions. The unit market has seen no change in value, with no units sold in the past year.

Sales activity for houses has been minimal, with only 8 houses sold over the last 12 months. Houses are spending a median of 38 days on the market, suggesting a steady but slow-moving market. The unit market remains inactive, with no sales recorded.

The rental market in Millgrove has not experienced any changes over the past year, with both house and unit rents remaining at $0, reflecting a lack of rental data or activity in the area.

HousesUnits
Median price
Past 3 months
$630KN/A
Change in value
Past 12 months
4.1%N/A
Sold
Past 3 months
11N/A
Median days on market
Past 12 months
34N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

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Millgrove demographics

Millgrove, nestled in Victoria's picturesque Yarra Valley, offers a serene lifestyle surrounded by natural beauty. With a population of 1,666, this small suburb is characterized by its close-knit community and tranquil environment. The median age of 40 suggests a mature population, with many residents likely enjoying the peacefulness and slower pace of life that Millgrove provides. The suburb's proximity to the Yarra River and lush forests makes it an ideal location for those who appreciate outdoor activities and a connection to nature.

Family life is a significant aspect of Millgrove, with 37.4% of households being couple families with children and 32.6% being couple families without children. One-parent families also make up a notable 28.3% of the community, indicating a diverse range of family structures. The suburb's family-friendly atmosphere is complemented by its community facilities and local schools, which cater to the needs of its residents.

In terms of property ownership, Millgrove shows a strong inclination towards home ownership, with 35% of properties owned outright and 49% owned with a mortgage. This reflects a stable housing market and a community invested in long-term residency. Only 16% of properties are rented, highlighting the suburb's appeal to those seeking permanent roots. The median total household income of $1,201 per week aligns with the area's affordability, making Millgrove an attractive option for families and individuals looking for a peaceful yet connected lifestyle within reach of Melbourne's amenities.

Suburbs near Millgrove

Some popular suburbs near Millgrove include:

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